Skip to comments.Ex-Sen. Espada Jr. helped himself to one last payday by taking money from sale of Bx. clinic
Posted on 09/20/2012 9:04:46 AM PDT by lowbridge
Disgraced former State Sen. Pedro Espada helped himself to one more big payday, selling off tattered remains of his Bronx health clinic and pocketing the dough, prosecutors said in court papers unsealed today.
The US Attorneys Office in Brooklyn is asking a federal judge to revoke bail and lock up Espada, who was convicted earlier this year of using his Soundview Health Center as his personal slush fund.
Brooklyn federal judge Frederic Block ordered everyone to court for a hearing on Friday.
Following Espadas May 14 conviction, state and federal authorities moved in and prevented the disgraced pol and his family from operating the clinic, which served poor patients in the south Bronx.
Espadas family then secretly sold medical equipment, other assets and rights to Soundviews lease on White Plains Road to a new operator, the Institute for Family Health, for $600,000, prosecutors said.
Thats when pols son Alejandro Espada took out more than $350,000 and doled it out to to himself, his dad, brother Pedro Gautier Espada and other accounts close to the family, according to federal prosecutors.
(Excerpt) Read more at nypost.com ...
Full title: Ex-Sen. Espada Jr. helped himself to one last payday by taking money from sale of Bx. clinic: court papers