Farrah Fawcett Foundation Investigated For Possible Fraud & Mismanagement
Sept. 23 2011, Published 6:30 a.m. ET
By Alexis Tereszcuk - RadarOnline.com Senior Reporter
The Farrah Fawcett Foundation is being investigated by the California Attorney General for possible fraud, mismanagement of funds and diversion of assets and the organization has been ordered to turn over financial records to the authorities.
The charitable foundation was established after Farrah Fawcett’s tragic death in June 2009 following her brutal battle with cancer.
The Farrah Fawcett Foundation and the Farrah Fawcett Living Trust were given 60 days to comply with the Attorney General’s Office of Charitable Trust’s investigation, according to ABC News.
Richard B. Francis, the trustee of the estate and chairman of the foundation, told the news organization that the investigation is a “witch hunt” and says the foundation “has done nothing wrong.” He is apparently cooperating with the investigation.
The organizations must turn over estate planning documents as well as the financial records by a non-disclosed September deadline.
Fawcett’s former college boyfriend told ABC that the AG’s office has been “quietly interviewing friends, business associates and several beneficiaries of Fawcett since early July.”
Alana Stewart, the president of the Foundation, said the investigation is “outrageous.”
The Attorney General’s office declined to comment.
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