I skim watched the videos, so I don't claim to have a full grasp on the matter, but I'm not 100% sure on this. I get that the legal definition of "charity scammer" is probably fulfilled, but it doesn't really seem to sit right with me.
If the money was being siphoned out and used to fund a lavish lifestyle (like the average NFT/crypto rug pull) I'd be all for the pitchforks being brought out, but it seems like the majority is just sitting in some bank account.
If so, there is an obvious path forward:
- Make a significant lump sum donation of approx. 90-95% (~$600k)
- Keep a small portion of 5-10% (~$50k) set aside for rolling costs for future events
- Continue as normal, host events, raise money, and make yearly donations keeping aside only a sum sufficient to cover the next years expenses/running costs.
Dementia/Alzheimer's research is probably one of the most underprogressed of the major neurological illnesses (Alzheimer's/Parkinson's/Huntington's/MS/etc.), so raising money to fund research into cure/treatment is certainly a good thing.
Again, I only skim watched the videos so I might have missed contrary information, but I'm not convinced that this situation is fucked beyond redemption. Hope it can be fixed.