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The Espadas' Embezzlement Trial Set

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Ex-lawmaker Pedro Espada Jr. is preparing for a federal trial on embezzlement charges this week in New York.

Espada and his son are accused of pilfering state grants directed to the Soundview Health Center to pay for tickets for Broadway shows, a down payment on a Bentley and a birthday party pony, among other things. Prosecutors say the spending of more than $500,000 also included tickets for sporting events and concerts, posh restaurant tabs and a petting zoo.

Espada has described the indictment by the U.S. attorney's office and then-state Attorney General Andrew Cuomo as a political "witch hunt." The charges ultimately cost him his state Senate seat.

Meanwhile, the beleaguered Bronx health care clinics he founded are fighting to stay open to serve some of New York's poorest neighborhoods.

 

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Peter Milosheff

acquired Bronx.com in March, 2005 and manages the The Bronx Times.™ content and operations since as the neswpapers' owner and founding editor. Alongside with managing The Bronx Times.™, Peter worked in the area of corporate finance for Christie's New York, Prada, Pfizer, Deutsche Bank, Fortis Bank and BNP Paribas. At Moody's Investors Service and Deutsche Bank he worked in the areas of structured products revenue accounting and asset management, respectively. At Fortis Bank he worked in the area of product control for the structured credit origination and trading deask. At BNP Paribas Peter worked as a trading assistant at the bank's flow fixed income trading desk. Peter began his entrepreneurial career at age 17 in Sofia, Bulgaria, EU, where he established his private educational advising agency Endeavour, providing service to local students interested in continuing their education abroad, and particularly in the US.. Peter received a Bachelor of Science in Business Administration degree from Slippery Rock University of Pennsylvania in the Spring of 2002. He graduated Cum Laude with a major in Finance.