Ruby Corado: Last News

The Washington Post and Metro Weekly that Corado had exercised tight control over the organization’s finances, refusing to allow anyone else to access Casa Ruby’s accounts and claimed she has failed to pay employees operating the nonprofit’s non-housing programs for the past few months.Racine’s office claims Casa Ruby received more than $9.6 million in grants from the District of Columbia since 2016, with much of that money intended for programs to help homeless LGBTQ youth, LGBTQ asylum seekers, transgender individuals, and LGBTQ survivors of violence. Those grants, coupled with charitable donations from the public, were the primary source of income for Casa Ruby.The Attorney General’s office claims, among other allegations, that Corado allegedly withdrew tens of thousands of dollars from the organization’s M&T Bank account throughout 2021, using over $60,000 in funds to pay bills for a charge card she controlled.

arrested and charged in March with fraud and money laundering for diverting $150,000 — which was taken from a larger pool of $1.3 million that Casa Ruby had obtained through the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) programs — into bank accounts held in El Salvador under her birth name, according to a U.S. Department of Justice news release.Prosecutors claimed Corado passed the money through her consulting company, TIGlobal, in an attempt to circumvent the Small Business Administration’s earlier denial of her EIDL application.Corado was temporarily jailed and placed in solitary confinement for her own protection, until a federal judge decided to release Corado and placed her under house arrest, with GPS monitoring, at the home of a niece in Rockville, Maryland.On Wednesday, July 17, Corado entered a plea deal in which she agreed to plead guilty to one count of wire fraud and give up all proceeds traceable to her offense, in exchange for the government dropping a much larger six-count complaint in which she was charged with bank fraud, money laundering, monetary transactions in criminally derived proceeds, and failure to file a report of a foreign bank account.The wire fraud offense is punishable by up to 30 years in prison.But under federal sentencing guidelines, due to it being Corado’s first offense and the crime not involving violence, Corado could receive a much lighter sentence.Prosecutors have argued that the sentence would fall between 33 to 41 months in prison, while her defense team estimates that she could serve between 15 and 21 months, reports The Washington Post.Corado is next scheduled to appear in court on January 10, 2025, for sentencing.

The Washington Post, federal prosecutors allege Corado took at least $150,000 of the $1.3 million that Casa Ruby had received in emergency relief funds aimed at assisting small business owners and nonprofits in navigating difficult financial times during COVID-related shutdowns.Corado was arrested at a hotel in Laurel, Maryland, on March 6 after an “unexpected return” to the country, according to prosecutors.She faces federal charges of bank fraud, wire fraud, money laundering, illegal monetary transactions, and failure to file a report of a foreign bank account.Following an initial appearance on March 6 in U.S. District Court for the District of Columbia, Corado was ordered held without bond pending a March 8 detention hearing.

caused the organization’s shelter and transitional housing programs to shut down.Superior Court Judge Danya Dayson, who presided over Thursday’s hearing, heard motions from the office of D.C.

The Washington Post, several former employees have accused Ruby Corado, the organization’s founder, of failing to submit proper paperwork on time, and keeping a tight-fisted hold on the organization’s finances, making money inaccessible to various programs despite a steady influx of money in the form of personal donations from community members and government grants.At least three employees told the Post that they have not been paid in six weeks. Residents who were living in Casa Ruby’s transitional homes were forced to scramble to find new housing as shelters shuttered and landlords began complaining that the organization had not paid rent or had submitted payments late, resulting in the accumulation of late fees and increasing Casa Ruby’s debt. The first signs of trouble came last fall, when the D.C.