National Puerto Rican Day Parade leadership will be axed after probe into finances
February 14, 2014
According to the Daily News, the shake-up of the nonprofit group — sponsor for decades of one of the country’s best known ethnic parades — follows investigation by state Attorney General Eric Schneiderman into mismanagement of $1.4 million in corporate donations by Carlos Velasquez and his GALOS Corp. Velasquez agreed to repay the organization and accept a ban from future dealings.
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