Heard on the Web: Important Legal Ruling Impacts Planned Giving Marketing

Heard on the Web: Important Legal Ruling Impacts Planned Giving Marketing

News story posted in U.S. Court of Appeals on 10 September 2009| 4 comments
audience: National Publication | last updated: 18 May 2011
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Summary

Writing for onPhilanthropy.com, attorney Jonathan Gudema reports the U.S. Court of Appeals for the 9th Circuit has issued an opinion in a case involving Robert Dillie this past June. Mr. Dillie operated a fraudulent foundation between 1996 and 2001. This foundation was in actuality a ponzi scheme which issued $55 million in gift annuities to over 400 donors, sold through investment advisers who were receiving commissions on the sales of new gift annuities. He is now serving 121 months in prison for his crimes but the legal fallout from his nefarious operation lives on.

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