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Last updated on Friday, April 1, 2016
(INDIANAPOLIS) - Indiana Attorney General Greg Zoeller along with the Federal Trade Commission and agencies from all 50 states have obtained a permanent injunction to dissolve two nationwide sham cancer charities and ban their president from profiting from any charity fundraising in the future under a settlement filed in court late Wednesday.
Cancer Fund of America Incorporated, Cancer Support Services Incorporated and their leader, James Reynolds, Sr., agreed to settle charges that CFA and CSS claimed to help cancer patients, but instead, spent the overwhelming majority of donations on their operators, families and friends, and fundraisers.
The charities bilked more than $75M from donors which must be repaid.
Part of that money will be recovered through the liquidation of assets.
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