|Espada has been indicted again,
this time for|
allegedly lying to the feds about a janitorial service.
This time, the indictment claims the Espada's scammed hundreds of thousands of dollars from the not-for-profit Soundview Healthcare Network, of which the elder Espada is CEO.
The superseding indictment that appears below was handed down late yesterday.
It adds two counts of false statement, alleging Espada lied to the feds about profits he and his son made from a janitorial service they set up to contract with Soundview.
The indictment claims that at the time Soundview was looking to contract out the janitorial services, Espada and his son called the prospective companies and told them more work would need to be done than actually did. When those companies submitted bids, their costs to do business was significantly higher than Espada's company, which was rewarded the contract. Soundview paid the company $389,700 in 2008. Espada claimed he only made $35,000 from this contract, but the feds claim he actually took in over $120,000 from the arrangement.
The Espada's deny everything. Arraignment is next Wednesday, Jan. 25, at 5 p.m.
Here is the full indictment. The information about the alleged fraud, conspiracy and embezzlement begins on page five. Espada Indictment S-2