Seems four cancer charities have been charged with fraud. But let's unpack that a little bit, cause it's the details that are so inspiring.
By "fraud" I mean the FTC has charged the charties with diverting $187 million raised from donors for the personal use of the charities' administrators. It seems 97 cents out of every dollar raised was used for something other than cancer treatment or research.
And what were those 97 centses used for you ask? Good question. The article states that funds were used to pay for "vehicles, personal consumer goods, college tuition, gym memberships, Jet Ski outings, dating website subscriptions, luxury cruises, and tickets to concerts and professional sporting events." Personally, I'm finding it hard to calculate how you could possibly spend $187 million on items on that list. It must've been quite the website.
And what else did these four charities have in common? They were all run by members of the same family: James Reynolds Sr. ran the Cancer Fund of America and Cancer Support Services, his son ran the Breast Cancer Society, and his ex-wife the Children's Cancer Fund of America. The family that commits fraud together...
Oh, and what's the penalty for committing $187 million in fraud? You have to dissolve your charity and pay a $75,000 -- well, unless you don't have the ability to pay it back. In that case, the government sends you on your merry way.
Now doesn't all this make you proud to be human?
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