I-Team: Children's Charity Loses Millions on Real Estate

Kars 4 Kids is known for a radio jingle that promises that if you donate your car, they’ll give the proceeds to kids. The News 4 I-Team has learned the nonprofit has used a significant portion of donor funds to invest in risky real estate ventures that appear to have nothing to do with cars or kids. The charity says the investments are an effort to expand its endowment to help children. Chris Glorioso reports. This story was published Feb. 29, 2012 at 7:38 p.m.