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May 31

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The Cancer Fund of America and Its Related Charities Are Called a Fraud

An alleged fraud was recently uncovered at The Cancer Fund of America and its related entities, including The Breast Cancer Society and The Children’s Cancer Fund of America. James Reynolds and his family members are believed to have stolen $187 million from donors in these charities over five years and spent the monies on lavish “business” expenses and “training trips” including family vacations to Disney World, instead of being sent to non-U.S medicine providers. The small portion of funds spent on cancer related activities went towards nominal “care packages” for cancer sufferers, in contrast to the charities’ spending proposals which committed to providing direct financial aid to individuals stricken with the disease.

The Federal Trade Commission has brought a civil suit against various Reynolds family members, however the government has so far declined to press criminal charges.

About the author

Devin Yaeger

Devin Yaeger is a consultant at Fulcrum Inquiry, an accounting, finance and economic consulting firm specializing in complex litigation, forensic investigations and appraisal issues across a broad spectrum of industries.

Permanent link to this article: http://betweenthenumbers.net/2015/05/the-cancer-fund-of-america-and-its-related-charities-are-called-a-fraud/

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