TEN MILLION DOLLARS TO BE PAID BACK
In the Illinois Funeral Ponzi Scheme where 59 million dollars disappeared., the IFDA has been ordered to payback 10 million.Dollars
The Illinois Funeral Directors Association has been given an ultimatum by the Comptroller of the State of Illinois to payback 10 million This is in regards to excess fees it skimmed from the 300 million Dollar trust fund from 2000 to 2006.
“SPRINGFIELD,ILLINOIS STATE JOURNAL REGISTER ARTICLE“
Quoting from the posted May 12th 2009, Springfield, Illinois State Journal Register Article:
“If the IFDA, which is based in Springfield, does not create a plan by June 26 under which the money would be repaid by May 22, 2010, the comptroller’s office will take the matter to court, according to spokeswoman Carol Knowles.”
“They improperly took the money, and they need to pay it back,” she said. “We have asked them to contact us and put together a repayment plan, and if they do not do so in a very brief period of time, we intend to take them to court through the attorney general’s office.”- IL Comptroller Spokesperson Carol Knowles
BLOOMONGTON, ILLINOIS PANTAGRAPH NEWSPAPER
“Marking the latest chapter in a saga that has spawned at least two lawsuits, a proposed new law and a legislative task force, Hynes is demanding the Illinois Funeral Directors Association repay $9.6 million it received in excess of what was allowed by state law.
“These excess management fees are a display of greed and a betrayal of the consumer trust that will not be tolerated,” Hynes said in a statement.” posted May 12th 2009 -Pantagraph Newspaper
Duane Marsh the executive director of the Illinois Funeral directors Association said they would oppose the Comptrollers Statement.
This is not good for the Illinois Funeral Directors Association. There are three lawsuits against the IFDA and their Leaders. There membership is mad and it is renew membership time. The IFDA is collecting dues as this is written. The IFDA is in the middle of electing new leaders.
SPECIFIC FUNERAL LEADERS INVOLVED 2000-2006 Ex- IFDA Presidents:
2000 David McReynolds, Marion -got a 900,000 loan from IFDA Capital, INC-Wilson- McReynolds Funeral Home
2oo1 Randall L Earl, Decatur, IL current National Funeral Directors Associationn (NFDA) Exec. Secretary.
2002, King Sutton, Paris, IL
2003, Jack R. Kynion, Northbrook, Il
2004, Derek S Johnson, Benton, Il
2005, Brent M Davis, Carlinville, Il
2006, Charles S Childs Jr. Chicago, IL
Funds were misappropriated to the Museum Funeral Customs, lobbyists including Illinois Senator Roland Burris.
This entire situation is indeed sad for funeral consumers and funeral Directors in the State of Illinois.
Funeral Industry Funeral Blog by Your Funeral Guy, Funeral Director, Illinois and Virginia
IFDA LOGO FROM E-mails received fom IFDA List of IFDA presidents from your funeral guy’s Life experience with the IFDA.
These Ex IFDA PRESIDENTS are mentioned here because they are public figures in this scandal and mentioned in three Illinois Lawsuits. If the money is not paid back, it can be called theft or fraud and these men are responsible PDF: Read the comptroller’s letter to the IFDA