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Stefan Pildes

All articles tagged with #stefan pildes

crime1 month ago•2 min saved

SantaCon organizer accused of diverting charity funds for personal use

Stefan Pildes, a Hewitt, New Jersey man who runs the SantaCon bar crawl in New York City, is charged with one count of wire fraud for allegedly pocketing more than half of about $2.7 million raised from SantaCon tickets between 2019 and April 2026, using funds for a personal ‘slush fund’ and purchases such as renovating a New Jersey lakefront property and leasing a luxury Manhattan apartment, depriving charities including City Harvest, City Parks Foundation and the Children’s Heart Foundation of more than $1 million.

via NBC News|

#charity-funds #crime #new-jersey

business1 month ago•4 min saved

SantaCon Promoter Indicted for Diverting Charity Funds

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.

via CNBC|

#business #charity #fraud

crime1 month ago•5 min saved

SantaCon Promoter Indicted for Diverting Proceeds to Personal Use

U.S. authorities unsealed an indictment charging Stefan Pildes, president of SantaCon’s nonprofit PSI, with one count of wire fraud for allegedly diverting millions raised at SantaCon—more than half of proceeds from 2019–2024—into a private entity and for personal use, despite portraying the event as charitable; SantaCon drew about 25,000 attendees and involved host venues paying commissions; the case, assigned to Judge Colleen McMahon in SDNY, carries up to 20 years in prison.

via Department of Justice (.gov)|

#creative-opportunities-group #crime #participatory-safety-inc