$ 25 million settlement in the case of NY Veterans Charity

A direct mail fund collection company that made the invitations for people with disabilities of the money raised sent in the name of charity, but is also paying $ 9.7 million for damages and charity organized its administration to reform their practices as a solution to 24.6 billion U.S. dollars, said the prosecutor.

Attorney General Eric Schneiderman was to discuss the agreement between his office, the National Foundation charity for disabled veterans, the company e-mail and other companies Quadriga Art, the convergence of direct marketing, on Tuesday.

In addition to the damage, Regulation Quadriga awarded $ 13,800,000 in love outstanding and pay $ 800,000 to the state for costs and fees. Convergence, in the office, Schneiderman said also played a role in raising funds, will pay $ 300,000 in damages. 10 million in two damages email provider to the efforts to help disabled veterans, including research on the spinal cord.

Developed and increased Quadriga and convergence for direct mail fundraising for charity, which was founded in late 2007, more than 116 million U.S. dollars, Schneiderman said office. Supplied with material that was false or misleading, as the stories of veterans charity had not helped, the office said.

Booksellers have an agreement with the non-profit organization in Washington DC, where providers have assumed the cost of campaigns and donations were paid from the money coming base

Schneiderman noted the investigation that the board of the organization had little experience direct mail fundraising for doing very little monitoring and basic operations Quadriga convergence, including relationships and financial agreements between company executives and members of the Board of Directors.

Schneiderman said the investigation has shown "some of the most annoying" features electronic collection of direct funds.

"Enjoy the popular cause and what was an up start charity direct mail companies use, intelligent design, but misleading increase Chargers tens of millions of dollars in donations from generous Americans, of which almost all of the collection was the Fund and its agents and I left the charity nearly 14 million debt, "he said.

Neither party admitted guilt. As part of the charity of the colony, the Board of Directors will resign and set new and has the use of materials collection stop false or misleading means and establish an independent audit committee.

The charity, which appointed a new CEO in the last few months, the "Welcome" to the agreement.

"This is a very important and positive step for the National Foundation for disabled veterans, to improve the quality of our services and to enable transparency with our loyal donors us," said CEO Joseph VanFonda.

Quadriga CEO Mark Schulhof said his company "made mistakes" by "crossed a strategy fundraising programs and services of the organization."

"We ship too much, too fast for a young love," he said.

The company said that it also practices the risks and costs for all campaigns on the board of a charitable organization and an annual report on the performance of a campaign.