Charles Childs ia an ex-IFDA President involved in the IFDA Preneed Trust Ponzi Scheme
Ex-IFDA President Charles Childs spoke to Governor Quinn’s Task Force yesterday. He stated that funeral directors in Illinois are victims of the Burr oak cemetery. Complaining that they he has to spend extra time and resources to help his clients is not becoming, if not unprofessional for a Funeral Director. Plus, the State has requested records.
In fact Child’s and other Funeral Directors have been served with an “Order Compelling Production of Books and Records.” from the Illinois Department of Financial and Professional Regulation. All contact with Burr oak cemetery must be reported from 2004 t0 2009.
Snippet from the Chicago Tribune:
“To this date, that’s basically all we’ve been doing is trying to find records for families who are unfortunate victims in this,” Childs said. “We ourselves are victims.”
Charles Childs Jr of A.A. Rayner & Sons Modern Funeral Service transferred 2 million $$ out of the IFDA Preneed Trust Fund to Management.
Charles Childs Jr,is a defendant in multiple lawsuits in the Illinois Funeral Directors Preneed Ponzi Scheme. There is also a federal criminal investigation into him and other Ex-IFDA Presidents. How can his testimony be credible before the Cemetery Oversight Task Force?
“Under Child’s watch 2 million dollars was transferred from the IFDA Preneed Trust to IFDA Services for management fees according to the State Journal Register newspaper in Springfield, Illinois.” $250,000.oo was also transfered to the Museum under his watch from 2006 to 2007. From the SJR: Article:
“According to an IFDA-commissioned audit, the foundation that ran the museum received at least $250,000 annually in 2006 and 2007 from the association, which got more than $2 million each of those years from management fees generated by the trust fund.”
Charles Childs was president of the IFDA from 2006 to 2007.
The grief and hurt caused by the Burr oak cemetery scandal is beyond comprehension. This is a horrific tragedy.
Ex- IFDA President Charles Childs Jr, defends loans out of trust fund.
Charles Childs Jr Illinois Funeral Regulator at heart of IFDA Ponzi Scheme
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