$75M Settlement Reached with Fake Cancer Charities - Articles

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Posted by: Amelia Ferrell Knisely on Mar 31, 2016

Cancer Fund of America Inc., Cancer Support Services Inc. and their president, James Reynolds Sr., have reached a settlement in a massive fraud case against the Tennessee-based “sham charities.” The charities claimed to help cancer patients, but Reynolds spent the majority of donations on operators, family and trips. The $75.8 million settlement will be partially satisfied via liquidation of assets, and Reynolds will be required to surrender certain belongings. The settlement also bans Reynolds from profiting from any charity fundraising in the future. Read more from the Tennessee Secretary of State