There have been an awful lot of reports like that on FR, especially in the weeks after 9/11, when the Red Cross was caught diverting funds raised "for 9/11" to all sorts of other projects. That scandal was serious enough that then ARC President Bernadine Healy was forced to resign under the heat of Congressional investigations.
I will give twice as much just to piss you off...
why dont you drop it?
I understand that, I also knew when I gave to the Red Cross then that what I was giving wasnt just for 9/11. It was a fundemental breakdown of communication on the part of the RC and they have paid dearly for it, but over the decades they have helped far more than they have ever hurt.