Lamar Odom has been accused of defrauding his charity, Cathy’s Kids which started in 2004 in Lamar Odom’s mother’s name who died of cancer. The charity raised an estimated $2.2 million but never donated to cancer research or underprivileged kids, but instead gave 60% of the money to two elite basketball travel teams and paid Odom’s high school coach Jerry DeGregorio an annual salary to run the charity. Khloe’s Rep released a statement refuting the claim.
“It is unfortunate that Lamar Odom has been the target of an attack on athletes’ charities, although he has personally contributed approximately $2.2 million to his foundation, Cathy’s Kids, to fulfill its charitable purposes that include helping underprivileged inner-city youth,” Khloe’s reps told Radar in a statement on Tuesday.“The millions of dollars personally contributed by Lamar constituted more than 90 percent of the money raised by the foundation. All of the funds donated by Lamar and the other contributions to Cathy’s Kids were used for one of the foundation’s intended charitable purposes. Not one penny went to help Lamar personally or any member of his family. No charitable funds were misused, and the IRS has repeatedly given Cathy’s Kids a clean bill of health, confirming that there were no improprieties.”
According to FoxNews,
Investigators for ESPN’s “Outside the Lines” ploughed through eight years of tax records and found that the charity started by the LA Clippers player called Cathy’s Kids – named in honor of his late mother who died of stomach cancer – has raised an estimated $2.2 million but since its inception in 2004, yet has failed to give a single cent to cancer-related causes.
According to ESPN, the charity – which claims to raise funds for cancer research and underprivileged kids – has instead used at least sixty percent of its finances to aid two elite basketball travel teams. Throughout its tenure, the charity allegedly paid Odom’s high school coach Jerry DeGregorio an annual salary, and yet Cathy’s Kids has run into around $256,000 into the red.
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