There is a serious problem in the nonprofit community in terms of accounting for donated medicine. Three major enforcement actions by various regulators tell us that the regulators have serious reservations about how charities are dealing with gifts-in-kind.
Those of us working in the charity world need to ponder what could be making so many regulators so concerned.
50 Attorneys General
The rumors in the wind mentioned in my next post were discussed in 2012. That turned into a major enforcement action by the Federal Trade Commission and all 50 state Attorneys General against 4 cancer charities. (See my posts under the tag FTC.) That was in 2015.
I’m not aware of any followup by that group and I’ll guess the reason is the complexity of coordinating a 50+ member committee.
For the FTC and all 50 Attorneys General to all be on the same page on an issue should serve as a warning they believe there is a serious problem.