4 Cancer Charities Accused Of Swindling Donors Out Of $187 Million

Children’s Cancer Fund of America Inc. is one of four cancer charities charged with allegedly perpetrating a scheme to bilk consumers out of millions of dollars.

Federal regulators, state officials and prosecutors and law enforcement officers from all 50 states and the District of Columbia partnered up to charge four cancer charities and their operators for running a scheme to swindle consumers out of $187 million in charitable donations.

According to the Federal Trade Commission, Cancer Fund of America, Inc. (CFA), Cancer Support Services Inc. (CSS), Children’s Cancer Fund of America Inc. (CCFOA) and The Breast Cancer Society Inc. (BCS), along with their operators, told donors their funds would go toward helping cancer patients.

However, the agencies allege that the donations were actually spent on cars, trips, luxury cruises, college tuition, gym memberships, jet ski outings, sporting event and concert tickets, and dating site memberships for the company operators, their family members and friends.

Stay tuned for more information on this enforcement action.

by Ashlee Kieler via Consumerist