The Bogo Tuition Fund, first reported on by Matzav here, has, as of this writing, been suspended.
Matzav.com communicated with R’ Zachariah Waxler, CPA, who the fund organizer had said was overseeing the monies donated to this cause.
R’ Zachariah tells Matzav.com that he and Rav Chaim Mayer Roth, who had also been said to be overseeing the fund, “take no responsibility of the fund and its operations.”
Following concern and questions expressed by people about the fund this morning, R’ Zachariah suggested to the fund organizer that the funds be placed into an account under the accountant’s control so that at least the principal would be protected.
The involvement of Rav Roth and R’ Zachariah was simply as a chesed to the klal to ensure some level of accountability.
“At this point,” however, Zachariah told Matzav.com, “I requested that the campaign be shut down and it has currently been suspended. All contributors will be refunded in full.”