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The Atlantic has a story about 4 related cancer nonprofits who collectively used $187m in donations to "pay for posh jobs, jet-ski trips, and other luxury goods".

"In 1984, the American Cancer Society forced James Reynolds out of a job. He had led the respected organization’s Knox County, Tennessee, office, but ACS accused him of sloppy record-keeping and of stealing a vintage car donated for an auction. Reynolds was apparently undeterred. He promptly opened up a new charity, giving it a name that was shamelessly similar: the Cancer Fund of America. He’d go on to found several other similar charities. On Tuesday, the Federal Trade Commission announced charges against Reynolds and several aides, alleging that the organizations were charities in name only. In fact, the government says, the four organizations stole $187 million between 2008 and 2012 in donations.... Less than 3 percent of the money raised went to patients, the FTC said. All 50 states and the District of Columbia joined the FTC in the charges." -- David A. Graham, the Atlantic

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