This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Charity Set Up After RI Fire Has Had Modest Effect

After several back-and-forth conversations with King and Jeffrey Derderian, she says, she gave up and dropped out, unable to pay.

"Supposedly there's all this money; I just don't know where it is," Pimentel says. "I think they're just doing it and they put it out there for a good name for themselves."

King says he worked hard to get Pimentel the help that she did receive.

"I think we gave to her what we said we could do," King says. "You can't make them all happy, no matter what you do, no matter how you present yourself."

King says the fund that helps cover miscellaneous educational expenses has helped 22 children in all. Citing privacy concerns, King wouldn't release any beneficiaries' names or connect the AP with any of them. AP contacted several families representing more than a dozen children. Only two had received help from the charity: Pimentel and Melinda Bloomingburgh, whose son, Kevin Gage, lost his father.

Bloomingburgh says she is grateful the fund paid for summer school and school supplies for her son, now 21. And while King took Kevin under his wing when he was younger, Bloomingburgh says that as he got older and things got tougher for him at school, the attention stopped. He dropped out of school at 18. At one point, she says, Jeffrey Derderian came to her house to talk about the fund and was apologetic.

Bloomingburgh says she wishes the charity had helped her son get the counseling he needed to deal with his anger at his father's death and to stay in school. She says she called several times asking for help finding counselors and never got a call back.

Denise Gordon's son, Brandon Crisostomi, lost his father, Alfred Crisostomi, in the fire when he was 10. Gordon says they went through tough times afterward. She says she hadn't heard of the Station Education Fund until asked about it by the AP and wishes she had known so she could have reached out for help to buy her son a computer or pay for other school expenses.

4 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs