logo
    • Magazine
    • Membership
    • Donate
  • Racial Justice
  • Economic Justice
    • Collections
  • Climate Justice
  • Health Justice
  • Leadership
  • CONTENT TYPES
  • Subscribe
  • Webinars
    • Upcoming Webinars
    • Complimentary Webinars
    • Premium On-Demand Webinars
  • Membership
  • Submissions

Nonprofit Newswire | Attorney General Alleges NY State Majority Leader Siphoned Nonprofit Funds

Bruce S Trachtenberg
April 21, 2010
Share
Tweet
Share
Email
Print

April 20, 2010; Talking Points Memo | Here’s another in our growing collection of “will this ever stop?” series of articles. On Tuesday, New York Attorney General Andrew Cuomo brought a suit against state Senate Majority Leader Pedro Espada that charges the lawmaker with diverting money from his heath care nonprofit to benefit his campaign and family, and to pay personal expenses.

The suit against Espada, a Democrat, alleges that he and his family stole $14 million over five years. According to Talking Points Memo, the suit claims that Espada used Soundview, the nonprofit clinic he founded, to pay for $80,000 in restaurant bills and $450,000 worth of credit card charges. TPM reports that the suit claims that Soundview also gave Espada a contract for a $9 million severance package and $75,000 in credit for unused leave time, of which he had 14 weeks every year. The suit alleges that another entity Espand founded won Soundview contracts worth $400,000, of which $150,000 went to his son.

Sign up for our free newsletters

Subscribe to NPQ's newsletters to have our top stories delivered directly to your inbox.

By signing up, you agree to our privacy policy and terms of use, and to receive messages from NPQ and our partners.

The state seeks restitution and to have Espada and family members and Senate employees removed from Soundview’s board.  Obviously we can’t predict the outcome of this case, but two things are certain: Cuomo, a leading candidate for New York Governor, will be keeping it in the spotlight and win or lose, this won’t be the last time you read stories like this here. A late update added last evening published Espada’s response. He’s blaming the suit on “political payback.”—Bruce Trachtenberg

 

Share
Tweet
Share
Email
Print

Become a member

Support independent journalism and knowledge creation for civil society. Become a member of Nonprofit Quarterly.

Members receive unlimited access to our archived and upcoming digital content. NPQ is the leading journal in the nonprofit sector written by social change experts. Gain access to our exclusive library of online courses led by thought leaders and educators providing contextualized information to help nonprofit practitioners make sense of changing conditions and improve infra-structure in their organizations.

Join Today
logo logo logo logo logo
See comments

NPQ_Winter_2022Subscribe Today
You might also like
Solidarity on Campus: A Faculty Union’s Learnings from COVID-19
Todd Wolfson
Participatory Grantmaking: What Practitioners Have to Say
Kelley Buhles
Remaking the Economy: Black Food Sovereignty, Community Stories
Pastor Keith Davis, Steve Dubb, Demetrius Hunter, Julian D. Miller, LeeAnn C. Morrissette and Brielle Wright
Imagining New Worlds: Using Science Fiction to Build a Solidarity Economy
izzy sazak
How to Align Assets with Mission: Small Steps That Nonprofits Can Take
Anna Smukowski
The Best Elections Money Can Buy
Steve Dubb

Popular Webinars

Remaking the Economy

Black Food Sovereignty, Community Stories

Register Now

Combating Disinformation and Misinformation in 21st-Century Social Movements

Register Now

Remaking the Economy

Closing the Racial Wealth Gap

Register Now
You might also like
AOC’s “Tax the Rich” Dress Dazzles Met Gala, while...
Anastasia Reesa Tomkin
Foundation Giving Numbers for 2020 Show 15 Percent Increase
Steve Dubb
Strike MoMA Imagines Art Museums without Billionaires
Tessa Crisman

Like what you see?

Subscribe to the NPQ newsletter to have our top stories delivered directly to your inbox.

See our newsletters

By signing up, you agree to our privacy policy and terms of use, and to receive messages from NPQ and our partners.

Independent & in your mailbox.

Subscribe today and get a full year of NPQ for just $59.

subscribe
  • About
  • Contact
  • Advertise
  • Copyright
  • Careers

We are using cookies to give you the best experience on our website.

 

Non Profit News | Nonprofit Quarterly
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.