Posts Tagged ‘community not-for-profit’
NY senate leader “looted” $14 million
Pedro Espada
Daylife/Reuters Pictures used by permission
New York state Senate Majority Leader Pedro Espada and his family looted more than $14 million from a Bronx not-for-profit organization over five years, the state attorney general said on Tuesday.
Cuomo said his office sued Espada and 19 current and former executives of the Comprehensive Community Development Corporation, called Soundview.
“The lawsuit alleges Espada diverted Soundview’s charitable assets and used the money for himself, his family, his friends and his political organization,” according to the attorney general’s statement…
Both Cuomo and Espada are Democrats…
Cuomo, in his statement, said: “Siphoning money from a charity would be egregious under any circumstances, but the fact that this was orchestrated by the State Senate Majority Leader makes it especially reprehensible.”
Reprehensible, yes. Surprising? Uh, no.
