The FTC won a "major" victory against two nonprofits that scammed 95% of funds away from services; since the money has been spent, very little will be recovered.
"The Federal Trade Commission on Wednesday announced a major victory in its efforts to crack down on sham cancer charities that pulled at Americans' heartstrings with pictures of sick women and children asking for help.
"As part of a settlement with the FTC and states, the purported nonprofits agreed to be permanently dissolved and have their assets liquidated. The deal involves the Cancer Fund of America (CFA), Cancer Support Services (CSS) and their leader, James Reynolds Sr. He will also have to surrender an unspecified amount of his personal assets. Reynolds is also banned for life from managing charitable assets or being part of a charity's board or being a trustee."--Arianna Eunjung Cha, The Washington Post