Former Bronx State Senator Pedro Espada, Jr. was found guilty this morning on four counts of theft by a federal jury for stealing money from the non-profit healthcare network he helped found. Each count carries a sentence of up to 10 years.
The jury, which has been in deliberations for two weeks, has yet to announce a verdict on the four remaining counts against Espada, including additional charges of theft, as well as fraud and conspiracy. There was also no announcement of a verdict on the counts against Pedro G. Espada, the former Senator’s son, who is also charged with looting Soundview Healthcare Network.
Both are accused of using hundreds of thousands of dollars from Soundview for their own personal use.
For more coverage, here are the stories from NY Times, Wall Street Journal, Bloomberg News, Daily News, and DNAinfo.
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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.
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