New Jersey Attorney General: Trio Used Funds From Fake Kids Cancer Charity To Buy Luxury Cars

10/14/2011 02:06 pm ET | Updated Dec 14, 2011
  • CBS New York

A New Jersey couple and their business partner have been charged with running a phony charity that claimed to help pediatric cancer patients, CBS New York reports.

New Jersey Attorney General, Paula Dow, told the news network that Matawan, N.J., residents Carl and Denise Monto, and their associate Patrick Caffrey, created a fraudulent organization that claimed donation funds went toward buying cars that would be sold to help children with cancer.

Dow said that, instead, the fake charity made millions in the resale of luxury cars.

"The vehicles that they purchased were then exported to countries, including Canada, Finland, Russia," New Jersey Consumer Affair Director Tom Calcagni told CBS New York. "There is no indication that any of the vehicles were used for any charitable purposes at all."

If found guilty, the trio could face tens of thousands of dollars worth of fines and will no longer be able to operate websites selling cars or claiming charitable services.

Neither Caffrey nor the Montos could be reached by the news outlet for comment.

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