ALBANY, N.Y. (AP) -- A breast cancer charity that claimed to raise money for medical care will close and pay $350,000 following an investigation by New York Attorney General Eric Schneiderman.
Breast Cancer Survivors Foundation was founded in 2010 and by 2014 was raising about $3 million a year.
Schneiderman's office said Friday that the charity was a "sham" that funneled more than 90 percent of the donations to an outside fundraiser, Mark Gelvan, as well as Gelvan's other companies and associates.
New York barred Gelvan from professional fundraising in 2004 because of an earlier investigation.
Under a settlement with the state the foundation will cease operations nationwide.
Schneiderman's office says the $350,000 will go to legitimate breast cancer organizations.
A message left for Gelvan wasn't immediately returned Friday.