NY Senate Leader Accused of Siphoning
Money from Non-Profit Organization

New York Senate Majority Leader Pedro Espada Jr. is accused of using money from a charitable foundation to pay for hundreds of dollars worth of meals for himself and political supporters and for trips to Las Vegas and Puerto Rico for himself and his family.

Attorney General Andrew Cuomo filed the lawsuit today against Espada and 19 current and former officers and directors of Soundview, a not-for-profit healthcare organization that receives a vast majority of its funding from the state and federal government.

The suit says that in the past five years, Espada siphoned more than $14 million out of Soundview. The lawsuit seeks to permanently remove Espada and current CFO Kenneth Brennan as officers of Soundview and, to remove all of Soundview’s directors from the Board.

http://www.ag.ny.gov/media_center/2010/apr/apr20a_10.html

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