State of Illinois Dissolves a Rockford Based Charity
VietNow, a Rockord based charity, that claimed to help veterans overcome joblessness and post-traumatic stress disorder, has been shut down by the State of Illinois.
According to a report in the Chicago Tribune, Illinois Attorney General Lisa Madigan announced an settlement with the state, and with 23 other states, to close down the charity and distribute their assets to two other legitmate charities.
Madigan along with 23 other states, sued VietNow after a published report found the charity used 80% of it's donations on 'for-profit' telemarketers. It is estimated between 2003 and 2014 the charity raised $20 million. This left just a small fraction of the money to assist military veterans.
The text of the lawsuit can be read below
The charities receiving the proceeds are
- Fisher House Foundation Inc., an organization that t provides housing to military families whose loved ones are hospitalized.
- Operation Homefront Inc., and organization that which provides relief and family support programs to help military families overcome short-term problems.