FTC Stops $187 Million Charity Scam, No Criminal Charges Announced

In a sigh of relief to Lumber Liquidator longs… The Federal Trade Commission (FTC) along with 48 state attorneys general, 8 secretaries of state, and the US Attorney General, has shut down four fraudulent cancer charities that collectively stole $187 million in charitable donations from millions of individual donors in what it is calling a historic enforcement action. But nothing in today’s announcement suggests that anyone is going to jail, or that any significant amount of money will be recovered. Three of four defendants have settled the charges To give an idea of how much money was being diverted, in…