The U.S. Hispanic Chamber of Commerce is losing money fast as its largest corporate sponsors are fleeing a sinking ship. Those jumping ship include three of the largest Hispanic owned businesses in America.

Now the word is getting out through angry members and anonymous sources. Members across the country are demanding answers. The anonymous sources want USHCC exposed. With pressure mounting, there is evidence the national Hispanic business organization is imploding.

In what looks like an act of desperation to plug the holes of the leaky ship, the USHCC has now called in law enforcement. USHCC Board Co-chair Carmen Castillo acknowledged law enforcement had been called about an e-mail sent to Hispanic business leaders all over the country. The e-mail paints a bleak picture of the organization.

The e-mail, sent by a group called Latinas Unleashed, alleges the Chamber is collapsing financially, with only about $40,000 still left in the bank, while one official is living large in a $400 a night suite at the W Hotel.

We already know corporate sponsors have left the USHCC. The organization has lost multiple key board members. Other key board members have reportedly been missing in action, failing to attend important meetings, fund raisers, kick off dinners and emergency conferences.

This all seems to be in response to the dismissal of Javier Palomarez, the longtime CEO of the U.S. Hispanic Chamber of Commerce.

Palomarez was accused of financial misconduct, but the allegations were proven false. Palomarez has denied an allegation of sexual harassment made five years after it supposedly happened by an employee who only complained after she was fired.

In recent days, Palomarez has broken his silence on the Chamber infighting, by revealing that Nina Vaca, a powerful Dallas businesswoman and the Chairwoman of the Chamber Foundation, and Palomarez’s then boss, orchestrated the assassination of his reputation.

Palomarez has compelling evidence he engaged in a long-term extra-marital affair with Vaca. She denies the affair existed, but text messages, bank records, and sworn witness statements say otherwise. Palomarez says Vaca created trouble after he terminated the relationship to repair the damage done to his marriage of 37 years.

In a new video, Palomarez says Vaca engineered his ousting as CEO because she was angry that he ended their long term romantic relationship. This video on YouTube has been making the rounds in the Hispanic business community and corporations that have financed the U.S. Hispanic Chamber. The message is clear: #metoo should work both ways.

Adding fuel to the fire, lawyers for the Hispanic Chamber of Commerce wanted worried Hispanic members and sponsors to believe the video had been removed.

Attorneys Brian Scotti and Mercedes Colwin of the law firm of Gordon and Rees now say they have been hired to represent the U.S. Hispanic Chamber “with respect to the issues raised by Mr. Palomarez in his since removed YouTube interview.”

“Their lawyers contacted me last week begging me to take it down. I politely refused. Maybe they will call the cops on me next,” stated Houston-based attorney Chad Pinkerton, who represents Palomarez. The video was never taken down. It still remains up. “I guess it stings a bit when the shoe is on the other foot. Why are they whining so much about some little ole video? Perhaps it hit a nerve,” scoffed Pinkerton.

A simple check of YouTube shows the USHCC lawyers aren’t telling the truth.

“Those Washington lawyers ought to refresh their YouTube page because the Palomarez interview is not only there, but it is a must watch video,” says Wayne Dolcefino, President of the Houston based investigative communications firm that conducted Palomarez’s first on camera interview after he left the chamber.

Here’s the link….

“Mr. Palomarez made the U.S. Hispanic Chamber of Commerce a big player in Washington, financially healthy, a magnet for rising Hispanic business. Look how quickly the organization imploded after he left. Look what Nina Vaca did to the U.S. Hispanic Chamber of Commerce. What a shame,” says Dolcefino.

“It seems like the Chamber has bigger fish to fry than emails and videos. They ought to start looking for new sponsors and replacing board members,” says Pinkerton. “You know why that won’t happen? The Chamber lost the guy who made it happen over the last decade. Javier built that organization and what did they do, they assassinated his character and reputation. Now they are bringing the house down on themselves.”

The largest Hispanic business group in the country appears to be rapidly taking on water.

“Get the bucket out boys and girls, as it is sink or swim time now,” says Pinkerton.

Tune in for more details. Coming soon.