FBI Raids Non-Profits Run by Albany Priest

The Ynn
December 13, 2012

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ALBANY, N.Y. -- The FBI raided three Peter Young nonprofit facilities, according to a source close to Attorney General Eric Schneiderman.

Young, an Albany priest, is notable in the Capital Region for his work with drug rehabilitation programs and the needy.

The FBI and Attorney General's office conducted a raid on three offices in Albany, Menands and Schenectady.

An attorney for Peter Young Industries says that two years ago, it was discovered that an employee stole a significant amount of money from the nonprofit organization. That employee was fired and Young contacted the state about the theft.

Young's attorney says financial documents were seized in the raid.

Young is recovering from hip surgery and was not available for comment.