SantaCon president stole millions in charitable donations to fund luxury lifestyle, says FBI

The organizer behind SantaCon, a Santa-themed crawl that raises money for local charities, is being charged with defrauding ticket-buyers and establishment owners. On Wednesday, 50-year-old Stefan Pildes was arrested in New York and charged with wire fraud, which carries a maximum sentence of twenty years in prison. Prosecutors claim Pildes, who served as the president of and controlled the nonprofit entity that organizes the event called Participatory Safety, Inc. (“PSI”), diverted funds...