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The star couple, Lamar and Khloe, have been accused of the worst scandal imaginable. The two may be running a “questionable” charity for children with Cancer called Cathy’s Kids. Apparently, they have not given up a single dime they have raised for the children in diar need. To make matters worse when the LA Clippers baskectball star was approached about his shady operation, he responded by saying “It’s my money.”
According to Radar Online: ESPN conducted its “Outside The Lines” investigation of more than a hundred charities attached to top athletes, including Odom. It uncovered 115 of these high-profile charities were not passing out raised profits effectively or properly, with more than 74 percent not operating under standards upheld by the Better Business Bureau and the National Committee for Responsive Philanthropy.
After investigating eight years worth of Lamor Odom’s tax records ESPN discovered that the star’s charity, named after his late mother who died of stomach cancer, has not given any money to cancer foundations or cause since the founding of the charity back in 2004. Since which, they have raised over $2.2 million.
However, the charity has not held on to all of the funds. Apparently the money is currently being used to finance two elite youth basketball travel teams; cashing in with about 60 percent of the charity’s earnings- $1.3 million.
The charity paid only one executive — Jerry DeGregorio, Odom’s high school coach and best man in his wedding to Kardashian, says the report. DeGregorio — now an assistant coach with the Golden State Warriors — was secretary of Cathy’s Kids from 2004 through 2011, for which he was paid a median annual salary of about $72,000, while the charity operated at a loss since its creation.
ESPN reports that its 2011 tax returns show Cathy’s Kids is $256,000 in debt, mostly due to a loan Odom made to the charity, according to his business manager Lester Knispel, who is also the charity’s treasurer.
When approached in a locker room by “Outside the Lines,” Odom responded to the charity’s spending habits by saying, “It’s my money.”
And the image below shows part of Khloe’s involvement raising funds for the controversial charity. Khloe and Lamar set up an eBay account together, selling items from their “personal collection” to benefit the charity, according to their own description.
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