Democrat Pedro Espada Charged with Looting $14M from his Bronx Non Profit

Move over Gregory Meeks, here comes Pedro!

Here’s another example of a Democrat, doing what Democrats love to do, steal taxpayer money through non-profit organizations they set up and control.

It’s a phenomenon that plagues Democrat Party and the main stream media, looks the other way.

From The New York Post:

Embattled Bronx Democrat politico Pedro Espada Jr. looted a whopping $14 million over the past five years from a non-profit that he runs -- including giving himself a $9 million severance package, paying for family vacations to Puerto Rico and hefty bills at sushi restaurants, Attorney General Andrew Cuomo's office revealed today.

In a lawsuit filed in Manhattan Supreme Court, Cuomo claims Espada diverted charitable assets connected to the Bronx-based Soundview HealthCare Network and used the money for himself, his family and his political operation.

Cuomo said Soundview, which relies heavily on Medicaid dollars with the aim of providing healthcare to poor Bronx residents, was Espada's personal and political piggy bank.

Taxpayer money was given to this not-for-profit to provide healthcare services to underprivileged patients, but our investigation has found the funds flowed into the pockets of Senator Espada and his supporters,” he said.

Over the past five years, Espada, who currently serves as the State Senate's Majority Leader, allegedly siphoned more than $14 million out of Soundview -- including giving himself a severance package worth an estimated $9 million which was put into a contract signed in 2005.

Living in the lap of luxury on the taxpayer's dime was only part of it. The Soundview Board -- packed with Espada’s family, friends, and Senate employees -- rubber stamped many of the transactions outlined in Cuomo's suit.
Full story

Maybe Gregory Meeks and Pedro Espada can become cellmates in Sing Sing.

Again, I ask bloggers around the country look more closely at the non profits in you city and towns that Democrats control.

There’s a whole lot of stealing going on!

Via New York Post

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