Case Snapshot

• Court: Fulton County Superior Court, Georgia
• Case: Georgia enforcement action against SDG Impact Fund Inc., SDG Global Impact Fund Inc., Anthony Suber and Bryan Doreian
• Decision Date: No decision issued; complaint announced Sept. 25, 2026
• Core Issue: Alleged misuse of charitable assets and deceptive solicitation practices
• Key Allegation: The state alleges charitable donations were diverted to personal and other noncharitable expenses
• Court Holding: None. The allegations remain pending
• Outcome: Georgia is seeking restitution, civil penalties, and appointment of a receiver
• Notable Detail: SDG Impact Fund previously claimed to have solicited more than $10 billion in donations.

Georgia Attorney General Chris Carr has filed a lawsuit against SDG Impact Fund Inc. and related defendants, alleging charitable donations were diverted for personal expenses and that donors were misled about the organization’s operations.

The Sept. 25 complaint, filed in Fulton County Superior Court, names SDG Impact Fund, its successor SDG Global Impact Fund Inc., Executive Director Anthony Suber and former board member Bryan Doreian. Carr is seeking restitution for contributors, civil penalties and the appointment of a receiver to manage the defendants’ assets.

Georgia Alleges Charitable Funds Were Diverted

SDG Impact Fund operates as a purported 501(c)(3) sponsoring organization for donor-advised funds. According to the Georgia Attorney General’s Office, the organization solicited cash, cryptocurrency, bonds, and other assets from contributors in the U.S. and internationally, with a stated purpose of directing funds to charitable beneficiaries selected by donors.

At one point, SDG Impact Fund claimed to have solicited more than $10 billion in donations, according to the state. Its operations have since moved to SDG Global Impact Fund, which continues to solicit contributions.

The complaint alleges that significant amounts of donated money were instead used for noncharitable expenses. The state identified alleged expenditures including vacations, car loans, mortgages, private school tuition, groceries, clothing, pet supplies, and sports equipment. It also alleges charitable funds were used for attorney fees and restitution associated with criminal cases.

These allegations have not been adjudicated, and the filing represents the state’s claims against the defendants.

State Claims Donors Were Misled

The lawsuit also alleges that the defendants solicited donations without required legal authorization and concealed noncompliance with state and federal requirements.

According to the attorney general, the alleged representations were made through several channels, including telephone calls, emails, the organization’s website, social media, and in-person communications. Carr said Georgia’s consumer protection laws apply to organizations that allegedly deceive contributors when soliciting funds.

Restitution and Civil Penalties Sought

Georgia is asking the court to address what it describes as unlawful transfers of charitable assets and require the defendants to provide restitution to contributors.

The state is also seeking civil penalties of $5,000 per violation of Georgia’s Fair Business Practices Act and asking the court to appoint a receiver to take control of and manage the defendants’ assets.

For receivables and compliance professionals, the case illustrates the potential consequences when state consumer protection authorities allege deceptive financial solicitations and misuse of funds. If Georgia ultimately obtains monetary relief, enforcement of restitution and civil penalties could also create downstream asset management and judgment collection issues.