California Department of Consumer Affairs reports that California Master Trust, one of state's largest preened trust services providers misused and misspent nearly 6 million dollars between 2001 and 209. The money was spent on political lobbying, conventions and other administrative fees.
According to the estimates of the Cemetery and Funeral Bureau about 27,000 people in CA have put thir money in California Master Trust to service their preened funeral needs. The company manages a fund worth of $70 million dollars.