SantaCon Promoter Indicted for Diverting Charity Funds
TL;DR
The SantaCon president Stefan Pildes was indicted in New York on a wire fraud charge for allegedly diverting about $2.7 million raised from the annual charity bar crawl into a personal “slush fund,” funding a New Jersey lakefront property, luxury travel, a Costa Rica resort investment, and other expenses, while telling attendees the proceeds would support various charities and donating only a small fraction to charity.
- SantaCon promoter arrested for charity fraud, New York federal prosecutors say CNBC
- SantaCon Leader Took More Than $1 Million for Own Luxuries, U.S. Says The New York Times
- SantaCon organizer is a grinch who stole $1 million, Justice Department alleges CNN
- SantaCon founder accused of siphoning charitable funds for NYC holiday bar crawl for his own use ABC7 New York
- Where did the SantaCon money go? What prosecutors claim USA Today
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