Stefan Pildes, the president of SantaCon, an annual event in New York City in December where thousands of young people dress up as Santa Claus and drink across the city, has been charged with wire fraud. Prosecutors with the Southern District of New York say he siphoned more than $1 million (£737,000) raised through the SantaCon charity for his personal use. US Attorney Jay Clayton criticized Pildes, stating, 'Stefan Pildes promoted SantaCon as an event grounded in charitable giving, but instead of donating millions of dollars he raised, he ran his own con game.'
Between 2019 and April 2026, Pildes is accused of diverting over half of the approximately $2.7 million (£1.989 million) raised to a 'slush fund' for personal ventures, including concert tickets, lavish dining, and luxury vacations. Notable expenses included $365,000 for the renovation of a property in New Jersey, $124,000 for a luxury apartment in Manhattan, and nearly $3,000 for a birthday dinner at a Michelin-starred restaurant. Only a small fraction of the total funds raised reportedly went to charity, which significantly impacted both participants and small business owners involved in SantaCon.
Pildes now faces one count of wire fraud, punishable by up to 20 years in prison.
Between 2019 and April 2026, Pildes is accused of diverting over half of the approximately $2.7 million (£1.989 million) raised to a 'slush fund' for personal ventures, including concert tickets, lavish dining, and luxury vacations. Notable expenses included $365,000 for the renovation of a property in New Jersey, $124,000 for a luxury apartment in Manhattan, and nearly $3,000 for a birthday dinner at a Michelin-starred restaurant. Only a small fraction of the total funds raised reportedly went to charity, which significantly impacted both participants and small business owners involved in SantaCon.
Pildes now faces one count of wire fraud, punishable by up to 20 years in prison.
