- See more at: http://blogtimenow.com/blogging/automatically-redirect-blogger-blog-another-blog-website/#sthash.Q6qPkwFC.dpuf Arroyo kin admits embezzlement | Bronx News Networkbronx

Friday, March 12, 2010

Arroyo kin admits embezzlement

The head of a Bronx non-profit has admitted that he embezzled $115,000 intended to help low-income tenants and funneled some of the money to Assemblywoman Carmen Arroyo, his grandmother, and Councilwoman Maria del Carmen Arroyo, his aunt.

Richard Izquierdo Arroyo, pleaded guilty in federal court on March 12, and faces a 10-year prison sentence.

Arroyo, who was indicted in June for stealing from SBCC Management Corp., a housing agency he headed, spent $20,000 of the embezzled funds to pay for a trip to Puerto Rico for the assemblywoman and councilwoman, to pay the salaries of interns in their legislative offices and their political club, to make contributions to their campaigns and to buy new flooring for the assemblywoman’s office, according to the indictment.

Read all about it in the Mott Haven Herald.


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