SantaCon is coming to town and giving New York City charities little more than a lump of coal, while the tax-exempt organization behind it funds Burning Man festivities and buys cryptocurrency.
The organizers behind the December charity pub crawl lovingly dubbed SantaCon appear to be a little heavier on the con than the spirit of giving. Over the last decade, the group’s organizers claim to have raised more than $1 million for charitable causes, according to their website, but not much of that money seems to have gone to charity. Instead, they blew more than a third of the funds on bad crypto investments and groups tied to Burning Man, ultimately giving less than a fifth of that money