Two phony cancer charities that swindled donors out of more than $75 million will be dissolved, officials said Wednesday.
Cancer Fund of America (CFA) and Cancer Support Services (CSS) claimed to help cancer patients — "but instead, spent the overwhelming majority of donations on their operators, families and friends, and fundraisers," according to a statement from Georgia Attorney General Sam Olens.
The charities will be permanently closed and the president of both charities, James Reynolds, Sr., has been banned from working for any non-profits, the statement said.
"The order imposes a judgment against CFA, CSS, and Reynolds, jointly and severally, of $75,825,653, the amount consumers donated to CFA and CSS between 2008 and 2012," Olsens said in a statement. "The judgment against CFA and CSS will be partially satisfied via liquidation of their assets."