Uh oh, this can't be good.
The California Attorney General's Office of Charitable Trust is investigating the Farrah Fawcett Foundation for potential mismanagement of funds, diversion of assets, and fraud!
The foundation formed in 2009 after Farrah Fawcett lost her long battle with cancer. Its mission is to provide funding for alternative methods of cancer research, prevention, and awareness.
Both the Farrah Fawcett Foundation and the Farrah Fawcett Living Trust, which funds the foundation, had been ordered at some point during the summer to turn over their financial records and estate planning documents within 60 days.
Richard B. Francis, the trustee of the estate and chairman of the foundation, as well as the foundation's president, Alana Stewart, are calling the investigation outrageous, but are being fully cooperative.
It's so sad to see hear of possible fraud in an organization meant to honor the late actress and provide funds to fight the disease that took her life!
We're crossing our fingers that this is just a misunderstanding!
[Image via WENN.]
Tags: assets, attorney general, california, farrah fawcett, fraud, funds, investigation