Attorney General Kwame Raoul announced a settlement with the Puerto Rican Parade Committee (PRPC) that will help fund the annual Puerto Rican Peoples Parade and festival that is now organized by a new charity. As part of the settlement entered last week, the PRPC’s remaining assets will be provided to the Attorney General’s Office to be distributed to the Daniel Ramos Puerto Rican Festival Committee, the new organizer of the annual parade and festival to continue to fund a Puerto Rican parade or festival. Additionally, Carmen Martinez, the partner of former PRPC president Angel Medina, is banned from acting as a charitable fiduciary in Illinois. The PRPC was an Illinois charity that ran an annual Puerto Rican Day Parade and Humboldt Park festival in Chicago. In July 2018, the Attorney General’s office opened an investigation into the PRPC and its former president, Angel Medina, after receiving complaints about alleged financial misconduct, including hundreds of thousands of dollars in questionable spending. The PRPC filed for bankruptcy in 2017 saying it would need to sell its Humboldt Park property in order to resolve more than $900,000 in debt. Also under the settlement, once the PRPC’s remaining assets are liquidated, the remainder of approximately $30,000 from the sale of the Humboldt Park property must be paid to the Attorney General’s Office for distribution to the Puerto Rican Cultural Center.