'Sham' cancer charities agree to $76M judgment, dissolution
Source: Associated Press
'Sham' cancer charities agree to $76M judgment, dissolution
Travis Loller, Associated Press
Updated 5:25 pm, Wednesday, March 30, 2016
NASHVILLE, Tenn. (AP) Two Tennessee-based cancer charities labeled "shams" by the Federal Trade Commission have settled a massive fraud case, along with their president, by agreeing to a $75.8 million judgment and the dissolution of the businesses. But the government may never see much of that money.
The complaint filed last year accused James T. Reynolds Sr. and others of spending donations meant for cancer patients on six-figure salaries and luxury vacations. The FTC said it is the largest joint action ever undertaken by the FTC and state charity regulators.
FTC attorney Tracy Thorleifson said the agency does not yet know how much money the government will recover, but she said it "won't even be close" to the judgment, which reflects the amount of money the public donated to Cancer Fund of America and Cancer Support Services between 2008 and 2012.
According to court documents, Reynolds went on a spending spree after he was first advised of the complaint.
Read more: http://www.chron.com/news/crime/article/Sham-cancer-charities-agree-to-76M-judgment-7217714.php
Nailzberg
(4,610 posts)Fines are not enough for the scum involved.
Humanist_Activist
(7,670 posts)He should be up on criminal charges and sent to prison for the rest of his life.
dixiegrrrrl
(60,010 posts)Jails are for the poor people who get caught with a doobie of weed.
47of74
(18,470 posts)Seriously, our problems in this world will never go away until wealthy and powerful people are held to account for the stuff they do instead of being able to bribe their ways out of problems.
Shrike47
(6,913 posts)Criminal prosecution would be good.
TexasBushwhacker
(20,171 posts)Normally I wouldn't wish cancer on anyone, but these people changed my mind.
TNNurse
(6,926 posts)I would not wish that on anyone, but I admit that in this case it is tempting.
TexasBushwhacker
(20,171 posts)I normally would never consider wishing it upon someone, but these thieves are a special kind of evil. Let's just I wouldn't feel bad if they got it.
47of74
(18,470 posts)I'm not going to wish it on this skid mark on humanity's underwear either, but yes I do admit it is very tempting to do so.
mdbl
(4,973 posts)They pull on the same heart strings to bilk people out of money.