ATLANTA — Georgia’s attorney general is taking legal action against a Georgia-based nonprofit that was the focus of a recent Channel 2 Action News investigation.
Attorney General Chris Carr has filed a lawsuit against SDG Impact Fund and its CEO, Anthony Suber, accusing the organization of failing to deliver donor money to charitable causes while spending funds on personal expenses and luxury items.
The lawsuit alleges SDG claimed to control as much as $10 billion in assets but distributed only 0.185% of those assets to charitable causes.
According to the complaint, donor money intended for charities was instead used for expenses that included tuition at Pace Academy, international vacations, Falcons and Hawks suite tickets, car loans and mortgage payments.
The lawsuit also claims Suber continues to solicit donors despite ongoing investigations, allegedly by operating under different business names.
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One donor, Bertram Meyer, told Channel 2 Consumer Investigator Justin Gray he gave SDG nearly $1.9 million that was supposed to help build a church and monastery in California.
“The money never made it where it was intended to go, and to this point I don’t even know where the money is,” Meyer said.
Back in July, Gray was the first to report on state investigations involving SDG and Suber.
During that investigation, Gray found an office in Cartersville that was allegedly operating a multibillion-dollar charitable enterprise despite having no full-time staff on site.
SDG managed donor-advised funds, a common charitable giving vehicle that allows donors to contribute money and later direct where those funds should be distributed.
Suber previously told Gray in an email that SDG earned roughly 5% of the assets it managed and claimed much of those earnings would ultimately go to him.
Now, Carr is asking a Fulton County judge to appoint a receiver to take over the organization’s assets and financial records.
The attorney general argues a court-appointed receiver is needed to determine where donor money went, recover any remaining assets and ensure charitable funds are used for their intended purposes.
“There’s millions of dollars of charitable transactions that just weren’t transacted,” Meyer said. “Maybe they weren’t all misused for private purposes, but they’re sitting in some bank account somewhere.”
The lawsuit seeks to shut down the operation, place its assets under court supervision, and potentially return money to donors.
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