Stefan 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, concert tickets, extravagant meals, and a luxury vehicle, prosecutors said.
About $124,000 of the SantaCon funds were spent toward leasing a luxury apartment in Manhattan, and another $100,000 was invested in a boutique resort in Costa Rica founded by a friend of Pildes, the indictment said. [...]
"More than a third of the organization's total giving during that period went to groups or individuals who appear connected to Burning Man, the annual weeklong festival in Nevada, including organizations devoted to hula hooping, dance parades, free costumes and more," Gothamist reported. [...]
In 2018, Participatory Safety "lost $17,498 worth of investments it made in cryptocurrencies -- equal to about a third of its charitable giving that year," Gothamist reported. "More than $832,000 of the money raised from SantaCon programming -- or 59% -- went to the nonprofit's expenses, not including its charitable grants."
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