The president of SantaCon was arrested on Wednesday on a federal criminal indictment accusing him of using the ticketed Christmas bar-crawl event to divert hundreds of thousands of dollars earmarked for charity to his personal use, New York federal prosecutors said.
The defendant, Stefan Pildes, claimed he did not receive any compensation from SantaCon, according to the indictment unsealed in U.S. District Court for the Southern District of New York.
But the 50-year-old Pildes allegedly diverted funds from the event to a “slush fund” to pay for extensive renovations to a lakefront property in New Jersey, luxury vacations in Hawaii, Las Vegas, and Vail, Colorado,…
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