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Resource ID: #13752
Subject: Nonprofits
Source: KCCI-TV (Des Moines, Iowa)
Date: 08/06/1996; 08/07/1996



KCCI-TV investigates an individual who started his own charitable organization called the "American Heart Foundation," which sounds strikingly similar to the well-established American Heart Association. He filed for tax-exempt status and opened the Bonanza Bingo parlor in Des Moines to fund the foundation. The investigation found that the AHF's founder/executive director can't account for any members, never funded any heart research, exposed the fact that he didn't hold seminars he claimed he did in state documents, and that he funneled hundreds of thousands of dollars to his own for-profit company.

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