Allegations of a pro-gay takeover, boycotts, embezzlement and terrorist-loving board members. Sounds like a Hollywood version of a conspiracy thriller, but it's not.

It's the buzz around this year's Conservative Political Action Conference, the nation's single largest annual congregation of conservative leaders.

Conservatives riding a new wave of momentum thanks to the strength of the Tea Party movement and big wins in the November midterm election should be riding high ahead of this year's CPAC,scheduled to take place in Washington on Feb. 10-13. But the conference, which has met for 38 years, has found itself beset by conflict that even its founder seemed to acknowledge in a recent e-mail with FoxNews.com.

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