Our Puerto Rican friends and supporters across the nation demand immediate action to end the Financial Oversight and Management Board's (FOMB) miserable oversight of Puerto Rico Electric Power Authority (PREPA). Blackouts, economic losses, and exploitation by high-paid advisors have plagued the island since PREPA's bankruptcy in 2017.    

While the FOMB was supposed to make sure Puerto Rico's finances were stable, it's actually enriching big-city lawyers and consultants, like Robert Mujica, who makes $625,000 for a part-time job - nine times the governor's salary - while the grid is broken and FEMA money isn't being used. These consultants are paid out of our pockets, which results in a massive transfer of wealth from the island's working class to New York's wealthy elite. 

The people of Puerto Rico deserve reliable power, transparency, and an end to the colonial-style swindle that has seen billions of our dollars make its way into the hands of rich New York City lawyers. 

A Failing Grid and a Human Tragedy
Puerto Rico's electricity isn’t reliable because PREPA’s bankruptcy means it can't access capital markets and make critical repairs. With 27 hours of annual interruptions per customer (excluding hurricanes), blackouts are 7.8 times more frequent and 13.2 times longer than U.S. averages. The New Year's Eve 2024 blackout hit 90 percent of customers, costing the economy and small businesses millions, as people had to rely on their phone flashlights to see and thousands of refrigerators of food were spoiled. It happened again in April 2025, when 1.4 million people lost power, forcing hospitals to scramble and small businesses to close. Each major blackout drains $70–$150 million from the economy, hitting families and entrepreneurs hardest. 

So far, of the $13.5 billion in FEMA funds set aside for grid repairs following Hurricane Maria in 2017, only $2 billion have been spent - the slowest uptake in FEMA history. Puerto Rico's government got out of bankruptcy in five years, but PREPA's ordeal under the FOMB has lasted a grueling eight years.  

Why are we still in bankruptcy? Big city grifters drain Puerto Rico.
Nearly $2 billion of Puerto Rican taxpayer dollars have gone to “advisors,” including $500 million for PREPA's bankruptcy. Just think of what else could have been accomplished with that $2 billion – new schools, hospitals, or a repaired grid. Instead, here is where the money went.

A law firm known as Proskauer Rose bills $4.2 million monthly ($998/hr). The average Puerto Rican’s salary is $718 a week! NYC lawyers make more in an hour than a hard-working Puerto Rican can make in a week. It costs the equivalent of 1,462 Puerto Ricans working all month just to make what Proskauer’s bill the island each month.

Martin Beinstock, the lead bankruptcy lawyer for Proskauer, bought a $6 million dollar mansion in Boca Raton, where the entry fee to join the country club in his new neighborhood is $400,000.  

Joseph Leccese, the past Chairman of Proskauer bought an $8.65 million mansion in Palm Beach just last year.

David Brownstein pockets $850,000 monthly – $28,000 every day, 30 days a month – nearly surpassing the average Puerto Rican’s annual salary of $35,000 a year. The people of Puerto Rico pay him every single day what they make in a year. No wonder he can afford a $6.5 million dollar beach house in the Hamptons – the playground of NYC’s rich and famous. 

McKinsey & Company has billed over $300 million. Ankura Consulting has billed around $200 million. The list goes on and on and on…

Puerto Ricans foot the bill for the board’s executive director, Robert Mujica, who makes $625,000 every year while he jets off and consults on casino deals in New York City. The island pays for his security, a car, and a driver. As New York’s former budget director, he earned three times less than he does now, yet Puerto Rico pays him way more for minimal results while he moonlights on lucrative consulting projects in New York.

And yet, despite $2 billion in consulting fees being spent and nothing to show for it, Mujica continues to oversee and sign off on this enormous transfer of wealth. Life on the island has not been improved and ironically, Puerto Ricans are paying more than ever for their electricity. While New York City lawyers buy multimillion-dollar homes in South Florida and join country clubs with six-figure initiation fees with the money they have taken from Puerto Rico, the island’s grid crumbles. 

Is it any wonder why this bankruptcy has not come to an end and why reliable power hasn’t returned to the island? The people in power are generating massive wealth from the manufactured crisis they have created.

To that end, we demand: 

1. Fire Robert Mujica and bring in someone who will put a stop to this madness.
2. Appoint new FOMB leaders committed to Puerto Rico’s people, not consultants.
3. Investigate FOMB abuses using congressional authority to shed light on eight years of neglect.
4. Bring this bankruptcy travesty to a quick end so Puerto Ricans can repair their electric grid and return to a normal life. 

Sign now to demand action! Puerto Rico se levanta!