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prima:Phoenix Fund charged with alleged misappropriation of funds from selling tax credits

A lawsuit filed by attorney Tomás Edgardo Colón Millán alleges that the investment fund improperly withheld some $15 million related to a medical tourism project in Dorado

June 19, 2025 - 3:48 PM

Vélez sugiere borrar de la mente, la palabra 936 o cualquier incentivo fundamentado en trato exclusivo contributivo a la economía local porque el Congreso no va a dar un trato preferencial a Puerto Rico. (Archivo / GFR Media)
Of the total owed to Tomás Colón Millán, Dorado Health Group allegedly paid him approximately $2.7 million, leaving almost $4.5 million claimed.

The Phoenix Fund, the investment fund intervened by the Office of the Commissioner of Financial Institutions (OCIF) this week, would have appropriated millions of dollars from the sale of certain tax credits of Dorado Health Group, according to a lawsuit filed in the Court of First Instance.

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