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Santacon NYC is back, under new management, after its former organizer was charged with fraud

SantaCon returns to NYC under a new company that's promising full charity donations after longtime organizer Stefan Pildes was charged with fraud.

SantaCon is returning to New York City after former organizer Stefan Pildes was charged with wire fraud for misappropriating over half the millions raised for charity, according to prosecutors. The notorious bar crawl promises transparency under new management by Pildes's longtime collaborator, Theresa Shiny Galeani. North Pole NYC, a newly-formed corporation, will oversee the event, with tickets priced from $15 to $30 and participating venues yet to be announced.

Pildes, who pleaded not guilty, faces up to 20 years in prison, and Galeani and Pildes are currently negotiating the event's logistics.

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