Thursday, September 20th, 2012
2

Pedro Espada Is Just Really Committed To Doing His Thing

"It was no surprise when the Soundview Healthcare Network in the Bronx began to liquidate its assets this summer. After all, its founder and chief executive, Pedro Espada Jr., the bombastic former state legislator, had been convicted of stealing hundreds of thousands of dollars from the nonprofit organization, and soon afterward, seemingly a casualty of corrupt management, it stopped accepting patients and began laying off staff members. But when what was left of the network was finally sold off for $600,000, the bulk of the proceeds went to some surprising recipients: Mr. Espada, his relatives and companies they controlled."

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2 Comments / Post A Comment

Amasa Amos (#9,654)

Now that is what you call making the best of a bad situation.

Jared (#1,227)

"Surprising" is not the word I would have used.

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