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Jul 17, 2014

Bruce Sanchez Accuses Alvaro Rosado of Financial Hanky Panky

Bruce Sanchez Sr.

Sanchez Senior also provided copies of two cheques that were deposited into Alvaro Rosado’s personal account and showed some receipts to substantiate payments made without his knowledge. While the Sanchez’s have been invited to view an audit report on the foundation’s finances, Sanchez Senior says that he is not interested. The matter is before the courts for a year now.

 

Bruce Sanchez Sr., Co-Founder, Ariel Rosado Memorial Education Foundation

“That’s the reason why in the court, the court noticed that and they were very upset with him about that and said that they have to make a decision on that and that cannot continue. The court already knew about it and they are stopping it and that they only have one account. And I am telling the public to continue because it is a good cause but monitor it. Monitor it for yourself; if it is your money in it, monitor it for yourself and I am sure that it will go right.”

 

Reporter

“Sir are you saying, just to clarify, that the court has ordered that the new account set up by Doctor Rosado and his wife should be…”

 

Bruce Sanchez Sr.,

“Should be dissolved….that there should be no competing interest…effective immediately. It’s a good thing. It is just that the way he is running it that is where the problem lies. It is not me; I didn’t do anything. When you don’t sign cheques that’s a good thing you are doing because the money is still there. Let’s fix the problem and move on.”

 

For context, the account for the original foundation has forty-four thousand dollars in it, but the monies cannot be used because the matter is unresolved. We did contact Doctor Rosado who did not wish to comment publicly, but he sent a list of documents late this evening to show how he has used the foundations finances.

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