Lock ’em up
Last Updated:
11:25 PM, September 19, 2012
Posted:
September 20, 2012
It takes quite a lot to be Albany’s most appallingly shameless crook.
But former state Sen. Pedro Espada has just clinched the title.
Espada was convicted last May of stealing at least $480,000 from his Bronx health clinic. Federal prosecutors yesterday disclosed that he then looted its remaining assets and pocketed the dough.
All while he awaits sentencing for his conviction and two other criminal trials.
Oh, and he wants a publicly paid lawyer.
The feds have asked that Espada’s $750,000 bail be revoked — now.
Sounds about right.
Espada was convicted of using his Soundview Healthcare Network as a bank; he’ll likely do time, and he must make restitution.
But after his conviction — when the judge forbade Espada from having
any involvement in Soundview as a condition of remaining free — the
one-time Senate majority leader simply stole more money.
Just weeks after the guilty verdict, Espada’s son Alejandro — who’d succeeded him as Soundview’s CEO — sold the facility’s assets for $600,000. Alejandro then doled out more than $350,000 — to himself, his brother (who’s also facing trial), his father and others.
All this despite owing private creditors $2 million and the IRS $1 million.
In short, said prosecutors, Espada is continuing what he was convicted of in the first place: “taking Soundview’s money for his and his family’s benefit.”
If that isn’t enough to earn Pedro Espada a stint in the Crossbar Hotel, what is?
But former state Sen. Pedro Espada has just clinched the title.
Espada was convicted last May of stealing at least $480,000 from his Bronx health clinic. Federal prosecutors yesterday disclosed that he then looted its remaining assets and pocketed the dough.
All while he awaits sentencing for his conviction and two other criminal trials.
Oh, and he wants a publicly paid lawyer.
The feds have asked that Espada’s $750,000 bail be revoked — now.
Sounds about right.
Espada was convicted of using his Soundview Healthcare Network as a bank; he’ll likely do time, and he must make restitution.
AP
Pedro Espada, Jr.
Just weeks after the guilty verdict, Espada’s son Alejandro — who’d succeeded him as Soundview’s CEO — sold the facility’s assets for $600,000. Alejandro then doled out more than $350,000 — to himself, his brother (who’s also facing trial), his father and others.
All this despite owing private creditors $2 million and the IRS $1 million.
In short, said prosecutors, Espada is continuing what he was convicted of in the first place: “taking Soundview’s money for his and his family’s benefit.”
If that isn’t enough to earn Pedro Espada a stint in the Crossbar Hotel, what is?
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