the money? 2 1/2 years later we now have a pretty good idea. this is an historic moment. reporter: a federal investigation has found $187 million raised in donations to four separate cancer charities has largely gone not to cancer survivors, not to cancer research but somewhere else entirely. scammers and fund-raisers. if you gave a dime to the breast cancer society run by james reynolds jr., the cancer fund of america run by james reynolds sr., the children s cancer fund of america, ran by reynolds sr. s ex-wife, rose parkins, or the cancer support services run by kyle efler, you are not going to like it. this is about as bad as it can get. taking money away from cancer victims. reporter: in a massive crackdown on this family of charities, the federal trade commission and attorneys generals from all 50 state have announced two of the charities
college plans for their kids? can you imagine how worrisome this is for even americans who have a job, who have a 401(k), they don t want to see a repeat of 2008 again where people lost 50% of what they had saved. look, every time you go into the stock market in any way, shape, or form, it s a gamble, okay, but over time, since 1930 the market has returned 8% to 9%. it s the best thing going. but it is very sensitive to what s going on right now inside the beltway because we have a huge unknown in front of us and that is if we miss a debt service payment by hitting the debt ceiling. and there are some people in congress and inside the beltway who say, look, let s just see what happens. no, let s not see what happens because the commercial paperwork, fancy way of saying the short-term lending market, really helps businesses in america run. if they do gown they start laying off workers. what about people out there, millions of people, whether other veterans or people on social securi
hired by the cancer fund of america run by james reynolds, senior. how much of my $10 will go who is this too? cancer fund of america support services. 100% of the donation goes into a fund where we perfect medical supplies. we do hospice care for the terminally ill. and we supply medical supplies all over the united states. how much of my $10 will go every sent will go toward the charity itself. i m calling directly from the charity. oh, well that s great then. according to the iowa attorney general s office, which gave us these recordings, those phone called statements are one great big lie. the callers were telemarketers, being paid to make the call. the state of iowa fined the telemarketing company $35,000 for making false representations. as for donations to other charities. the cancer fund of america
example, the cancer fund of america raised $6 million through its fund-raising campaign in 2011. and gave away just $14,940 in cash. but that is not what you would hear from the telemarketers hired by the cancer fund of america run by james reynolds, senior. how much of my $10 will go who is this to? cancer fund of america support services. 100% of the donation goes into a if you said where we purchase supplies for these patients. we do hospice care for the terminally ill. and we supply medical supplies all over the united states. how much of my $10 will go every cent toward the charity itself. i m calling directly from the charity. oh, well that s great then. according to the iowa attorney general s office, which gave us these recordings, those phone called statements are one great big lie. the callers were telemarketers, being paid to make the call.
and james reynolds, jr., president and ceo of the breast cancer society has a salary of $261,609. it s money that comes from donors like you who in 2011 sent these three charities $26 million in cash. how much of those donations went to helping cancer patients? according to the charities own tax records, about 2% in cash. example, the cancer fund of america raised $6 million through its fund-raising campaign in 2011. and gave away just $14,940 in cash. but that is not what you would hear from the telemarketers hired by the cancer fund of america run by james reynolds, senior. how much of my $10 will go who is this to? cancer fund of america support services. 100% of the donation goes into a