NEW YORK (AP) — New York state Attorney General Eric Schneiderman says a fundraiser bilked the New York City Puerto Rican Day parade of $1 million amid lax oversight from organizers.
Schneiderman said Thursday that fundraiser Carlos Velasquez underreported how much he collected from sponsors. He says Velasquez put money that was supposed to go to scholarships toward parade floats and used donated airline vouchers for personal trips.
The attorney general announced a settlement that will cost Velasquez more than $1 million and bars him from working with the parade. It also entailed the resignations of half the parade board's members, including its president.
Velasquez didn't immediately return a phone message. Ousted board President Madelyn Lugo was meeting Thursday with a state senator and others to discuss the issue.