mentioned in press ILLINOIS FUNERAL DIRECTORS ASSOCIATION LAWSUIT-your funeral guy

Posted by special request. We will name names here in reference to the two Scandals Illinois Funeral Directors  Association Trust Scandal(IFDA). and the National Prearranged Services Scandal.(NPS)In the last week significant statistics, names and other  information has been mentioned in the press.

Names will be named here if they have been mentioned in the Press. This applies to IFDA (Illinois Funeral Directors Association) members/directors/employees  as well as long as they are named in newspapers, online publications or other national media.

If you are a politician and are in county government, State, local, or federal office I may name you at my privately owned sites if I have direct evidence connecting you to the scandals. This will go for IFDA leaders who have made comments on my blogs as well. Both the IFDA and the NPS disasters have gone on for too long and hurt too many people. Current IFDA Employees/members/officials/ board members who Have E-mailed me may also be named at sites I own.

Some of the information I need to release so funeral directors and consumers will not be damaged again in the future as the have by NPS and the IFDA.

Funeral Industry Blog by Your Funeral Guy.

Statistics ILLINOIS FUNERAL DIRECTORS ASSOCIATION LAWSUITS by Your Funeral Guy

Any time anyone misapplies trust funds the members suffer. In the Funeral preneed/industry this is compounded by the fact that funeral directors have to cover expenses by raising prices. Funeral Cost is raised.

Here are numbers  on the Illinois Funeral Directors Association Lawsuits. These come from articles in the Springfield paper the State Journal Register, and the Chicago Tribune.  These articles appeared on February 4th 2009. If statistics come from yourfuneralguy it will be noted.

Illinois Funeral Directors Association Statistics:

From the Tribune Article:

IFDA Preneed trust Fund Value before mark down $300 Million

Six Funeral Directors plaintiffs in one lawsuit.

Two Preneed contract holders in another lawsuit that seeks class action.

IFDA told the Tribune February 3rd that it wrote down the Fund by $50 Million USD+.

$190 Million was applied to 300 Key Guy insurance Policies for Funeral Directors around the State (from Your Funeral Guy)

49,000 Illinois residents participate in the trust fund.

Average individual contract is $6,000 USD.

In a Five Year time frame the Illinois Funeral Directors Association took 8.5 million USD in excessive management fees.

From the  and the State Journal Register Article February4th.

Since 2006 The IFDA Fund deficit has grown by 20 Million USD.

Quoting from the article:

” Since 1996, the IFDA and its political action committee have contributed nearly $263,500 to politicians and political parties. Nearly $98,000 of those contributions took place after June 2006, when the comptroller’s office sent the warning letter to the IFDA.”

IFDA’s latest  tax return shows.

$24,600 for board meetings,

$68,000 on automobiles,

$22,000 for lobbyists.

Actual figure of the IFDA Preneed Trust write down last fall is 59 Million.

Quoting from the Article.

“House Speaker Michael Madigan has been among the group’s biggest beneficiaries, collecting $16,000 in contributions, twice what he collected from the IFDA and its political action committee during the previous decade.”

The IFDA has not opened it’s books to anyone but the Comptroller of the State of Illinois. They were ordered to do that. The question remains How much was Senator Burris paid by the IFDA?

Blog by Your Funeral Guy