July 20, 2009 – Thomas Parmalee posted the following question in an email this weekend: I was just wondering that if with the news that federal prosecutors have begun a CRIMINAL investigation into a preneed funeral trust fund formerly run by the Illinois Funeral Directors Association, if anyone is questioning whether or not NFDA should reconsider its decision to keep Randall Earle as a member of its executive leadership and in line to assume the NFDA presidency in 2011. It must be noted that potential targets are not clear from a subpoena issued to the state comptroller’s office demanding records.
Earl is a former president of IFDA and also served of IFDA Services’ Board of Directors, the arm that managed the preneed trust. In early June, losses in the trust were believed to be approaching $100 million.
Any thoughts at all on the situation in Illinois and Mr. Earle? Please feel free to email me or call me at 732-730-2586
Sincerely,
Thomas A. Parmalee
Executive Editor
Kates-Boylston Publications
www.katesboylston.com
