FTC Catches More Cancer Charities Ripping Off $187M From Donors



Susanne.Posel-Headline.News.Official- cancer.childrens.breast.fund.ftc.jim.reynolds.fake.charities_occupycorporatismSusanne Posel ,Chief Editor Occupy Corporatism | Media Spokesperson, HEALTH MAX Brands

 

The Federal Trade Commission (FTC) is dissolving the Cancer Fund of America (CFA) and Cancer Support Services Inc (CSS) for the “misuse” of $75 million in donations in the largest enforcement action taken by a federal agency.

Because donation funds were used to finance “jet ski outings, dating website subscriptions” and various other personal expenditures, Jim Reynolds, head of the CSS and CFA, is prohibited from managing charitable assets, profiting from fundraising and working in the non-profit sector.

Reynolds and his family are charged with “running four sham charities that cheated donors out of $187 million.”

A shocking 5% of total donations were spent on their intended causes; such as aiding patients dying of cancer. Ninety-five percent of the monies were spent on luxuries such as:

• Vehicles
• Cruises
• Concert tickets
• Sporting events
• Vacations
• College tuition
• Gym memberships

The CFA’s shenanigans were detailed in the 2013 America’s Worst Charities list: “While Cancer Fund provides care packages that contain shampoo and toothbrushes, the people in charge have personally made millions of dollars and used donations as venture capital to build a charity empire. Less than 2 cents of every dollar raised has gone to direct cash aid for patients or families, records show.”

The Children’s Cancer Fund of America (CCFA) and the Breast Cancer Society (BCS) were also dissolved as of 2015 for the same misappropriation of funds.

According to ScamBusters, charity scams are the easiest and most egregious means of scam artists to “rake in the cash”.

These businesses are “set up [as] quasi-legitimate agencies [that] look real” but are just copies of actual charitable organizations.

But it’s not just charitable corporations that misappropriate donations.

Earlier this month Father Amer Saka of the Chaldean Catholic Church was caught taking an excess of $500,000 in donations meant for refugee sponsorship.

Saka, the head of Canada’s first Chaldean eparchy, gambled the money away.

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