A Tennessee family is accused of collecting $187 million ostensibly for cancer research and spending it on themselves:
The Federal Trade Commission, in a federal lawsuit joined by all 50 states and the District of Columbia, said that James T. Reynolds Sr., his ex-wife and son raised the money through their various charities: The Cancer Fund of America in Knoxville, Tennessee, and its affiliated Cancer Support Services; The Breast Cancer Society in Mesa, Arizona; and the Children’s Cancer Fund of America in Powell, Tennessee.
The charities hired telemarketers to collect $20 donations from people across the country, telling consumers that they provided financial aid and other support to cancer patients, including pain medication, transportation to chemotherapy visits and hospice care.
But little money made it to cancer patients, as the groups “operated as personal fiefdoms characterized by rampant nepotism, flagrant conflicts of interest, and excessive insider compensation” with none of the controls used by bona fide charities, the FTC said Tuesday.
Maybe the FTC could look into the Clinton Foundation, which at last report gave a scant 6% of its multimillions to charity, and by other reports is also characterized by rampant nepotism, flagrant conflicts of interest, and excessive insider compensation.
Just a friendly tip for the good folks at the FTC.