A Florida-based charity promising to help wounded veterans by soliciting $11 million in donations has been banned from operating, according to the Federal Trade Commission (FTC). Regulators found nearly all of the funds received were spent on fundraising, expenses, and the founder's salary and benefits.
Help the Vets Inc. and other groups, have been targeted by the FTC and law enforcement as sham charities “that con people by falsely promising donations will help veterans,” according to an FTC press release. It's part of a larger FTC crackdown, in which more than 100 actions have been taken against sham charities in every state, the District of Columbia, American Samoa, Guam and Puerto Rico.
“Americans are grateful for the sacrifices made by those who serve in the U.S. armed forces,” FTC Chair Joe Simons said in the press release. “Sadly, some con artists prey on that gratitude, using lies and deception to line their own pockets.”
Read the story here: http://www.moaa.org/Content/Publications-and-Media/News-Articles/2018-News-Articles/Federal-Trade-Commission-cracks-down-on-sham-veteran-charities.aspx