Two Charged With Embezzling From Bronx Nonprofit Group
June 11, 2009 | Read Time: 1 minute
Two former officers of a New York nonprofit group were charged yesterday with stealing $200,000 from the organization, reports The New York Times.
SBCC Management Corporation’s president, Richard Izquierdo Arroyo, and the group’s director, Margarita Villegas, allegedly used the organization’s money to purchase clothes, shoes, meals, and travel and make political contributions to two unnamed elected officials. The charity receives New York City and federal money to manage low-income buildings in the Bronx.
A lawyer for Mr. Izquierdo Arroyo said her client was innocent; a lawyer for Ms. Villegas did not return the newspaper’s call seeking comment.
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