Cancer Charities Accused of Massive Fraud in Receivership

[Eugene]

Source: Associated Press

Cancer Charities Accused of Massive Fraud in Receivership

By TRAVIS LOLLER, ASSOCIATED PRESS
NASHVILLE, Tenn. — Feb 17, 2016, 5:50 PM ET

The president of two Tennessee-based cancer charities accused of spending donations on six-figure salaries and luxury vacations has agreed to relinquish control of the businesses.

In one of the largest cases of its kind, the Federal Trade Commission last year accused James T. Reynolds Sr. and others of engaging in a "massive, nationwide fraud" involving "sham charities."

Court documents filed this month say Reynolds agreed to temporarily hand over control of Knoxville-based Cancer Fund of America and Cancer Support Services to a receiver while a settlement is pending.

The complaint says the charities spent less than 3 percent of contributions from individual donors on the cash and goods sent to cancer patients and nonprofits in the United States.

[font size=1]-snip-[/font]

Read more: http://abcnews.go.com/US/wireStory/cancer-charities-accused-massive-fraud-receivership-37009812

[dembotoz]

1. good

[gratuitous]

2. "Reynolds agreed to temporarily hand over control"

Until when? His release from prison, which, curiously, I don't see mentioned at all in the story. Three percent of money contributed goes to buying moon pies, adult diapers and sample-sized soap. This fucker should be behind bars.