State Sen. Espada, son indicted on embezzlement chargesPosted: Updated:
Democrat Sen. Pedro Espada and his son Pedro were indicted on six charges of embezzlement today.
New York and federal officials say that the two embezzled over $500,000 from their Bronx-based Soundview Health Center for personal use.
The indictment claims that Espada used $49,000 from a Soundview subsidiary as a down payment on a $125,000 Bentley and spent $14,000 in tickets for sports and shows.
Espada has also been stripped of his majority leader title and removed as chair of the Senate Housing Committee following his indictment.
Espada and his son are expected to turn themselves in tomorrow and go before a judge.Espada defends himself against allegations News 12 : Interview with Pedro Espada Cuomo subpoenas Espada's records Espada defends himself against allegations Suit: Espada stole $14M from BX organization Espada speaks out after slapped with lawsuit Authorities raid Sen. Espada's Bronx clinic