SAN JUAN, Puerto Rico – U.S. Attorney for the District of Puerto Rico, W. Stephen Muldrow, announced that a federal grand jury in San Juan returned an indictment on December 21, 2022, charging Miguel Angel Colón Molina, aka Mickey Colón, with 12 counts of wire fraud, and six (6) counts of money laundering.
Colon-Molina was charged with perpetrating a scheme in 2018 and 2019 to misappropriate millions of dollars of funds paid by the Puerto Rico Administration for Families and Children (ADFAN) to Good Morning Foundation Corp. (GMF), where Colon-Molina served as its President, Treasurer, and Secretary. GMF is a non-profit corporation that entered a multimillion-dollar contract with ADFAN to provide psychological and therapeutic services, recreation, shelter, food, transportation, and minor medical services to children and families at residential facilities. According to the indictment, between 2018 and 2019, Colón-Molina used millions of dollars from the government contract funds for his personal use and sought to conceal this misuse through structured real estate and consumer goods transactions, including the purchase of an 82-foot luxury yacht known as the Jiribilla, worth approximately $1 million, and real property at Urb. Santa María, also worth approximately $1 million, which he registered under for-profit corporations under his command and control.
“The charges filed against Colon-Molina are the result of the hard work and collaboration of our law enforcement partners, the Federal Bureau of Investigation (FBI), the Department of Health and Human Services Office of Inspector General, and the Puerto Rico U.S. Attorney’s Office. We will aggressively prosecute those who commit fraud against government programs and deprive our children and families of much needed government assistance,” said United State Attorney W. Stephen Muldrow.
“The FBI is grateful to our partners at the US Attorney’s Office for the District of Puerto Rico and HHS-OIG for their great work and support during this investigation.” Stated Special Agent in Charge of the FBI San Juan Field Office, Joseph Gonzalez. “Our commitment to pursue these cases and bring fraudsters to justice is stronger than ever. We urge the community to report fraud against the government and violations of federal law to the FBI by calling 787-987-6500 or by visiting tips.fbi.gov”.
Each of the 12 wire fraud counts charged against Colón-Molina carries a maximum sentence of 20 years in prison. Each of the three (3) money laundering charges under Title 18, U.S.C. § 1956 carries a maximum sentence of 20 years in prison while each of the three (3) money laundering charges under Title 18, U.S.C. § 1957 carries a maximum sentence of 10 years in prison. Upon conviction on any of the charges, a federal district court judge will determine the sentence to be imposed after considering the U.S. Sentencing Guidelines and other statutory factors.
Assistant U.S. Attorneys María L. Montañez-Concepción and Daniel J. Olinghouse for the District of Puerto Rico are prosecuting the case with the assistance of agents from the FBI San Juan Field Office and HHS-OIG.
An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
