A troubled funeral home company is facing yet another fine from state officials.
The WREG Investigators have long highlighted problems at funeral businesses and cemeteries operated by StoneMor.
The mausoleum was in serious need of repair, and rats were nibbling away at dead bodies in another example. A complaint led to a state examination at one of the company’s mausoleums in Jackson, Tennessee, which discovered seeping body fluids.
The most recent penalty imposed on Everstory is financial in nature.
StoneMor/Everstory was fined $40,000 by Tennessee’s Funeral Board. There are four separate $10,000 penalties for the company’s four sites in the Midsouth.
The civil penalty derives from financial concerns raised by state officials after they examined StoneMor’s federal financial records.
“We examined the financial records that StoneMor/Everstory had to file as a publicly traded company and we discovered, by asking hard questions, doing our due diligence that StoneMor had directed the use of monies that they collected from individuals for preneed funeral trust funds and redirected it, those funds as an investment in a shoe company and that’s the same shoe company where a StoneMor executive also has a financial stake,” said the Tennessee Department of Commodities.
Mr. Walters went on to explain, “Consumers paid their money to StoneMor for preneed funeral trust funds and not as an investment toward a shoe company, and the law specifically says that what Stonemor did is a violation of Tennessee law.”
Previous WREG investigations revealed that the state has penalized StoneMor $70,000 for numerous breaches at its funeral homes and cemeteries as recently as last year.