Posted on 29 May 2015 21:54
Four scam cancer charities have been charged with perpetrating a a multi-million dollar hoax. The Federal Trade Commission and 58 law enforcement partners from every state and the District of Columbia have so-called cancer charities and their operators with cheating consumers of more than $187 million. This is just another manifestation of something that has become all too common: fake charities that are created for no other purpose than to line the pockets of the people who created them.
What was the money spent on? High-paying jobs for family and friends, cars, luxury cruise vacations, college tuition, gym memberships, jet ski and other recreation, concerts, and dating site memberships. The professional fundraisers hired by these organizations received up to 85% or more of every donation made.
The charities named in this complaint are Cancer Fund of America, Cancer Support Services, Inc., Cancer Fund of America Inc., and The Breast Cancer Society. The infographic below describes what happened. See more at the FTC website.