Wednesday, February 17, 2016

Second-worst charity in America agrees to shut down

Remember Cancer Fund of America?

It came it at No. 2 on the Times' list of America's Worst Charitiesin 2013, when we teamed up with The Center for Investigative Reporting and CNN to find the most wasteful charities in the country.
Back then, here's what we said about the charity:
While Cancer Fund provides care packages that contain shampoo and toothbrushes, the people in charge have personally made millions of dollars and used donations as venture capital to build a charity empire. Less than 2 cents of every dollar raised has gone to direct cash aid for patients or families, records show.
For years, Cancer Fund founder James T. Reynolds Sr. and his family have obscured that fact with accounting tricks, deceptive marketing campaigns and lies…
Now, after years under federal investigation, it looks like Reynolds will shut his Knoxville, Tennessee-based charity down.

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