Prosecutors say Stefan Pildes spent hundreds of thousands of $2.7m raised for charity on personal expenses.

More than 25,000 people dressed as Santa Claus and other Christmas characters pass through New York bars in an annual event meant to raise money for charity.

Prosecutors say Stefan Pildes spent hundreds of thousands of $2.7m raised for charity on personal expenses.

The pub crawl’s organizer is accused of pocketing donations but residents and businesses have long had misgivings