Breaking News

Former Jewish Charity Chief Charged in NYC Court

WSJ- The former chief executive of one of New York City’s most influential charities was arrested Tuesday and charged with stealing more than $1 million from his nonprofit group for himself and funneling other funds to political donations, state authorities said.

William Rapfogel, who led the Metropolitan Council on Jewish Poverty until his firing in August, was charged with grand larceny, money laundering and criminal tax fraud for an alleged scheme stretching back to the early 1990s. According to a complaint filed in Manhattan Criminal Court, Mr. Rapfogel pocketed more than $1 million and, with others, stole a total of more than $5 million over the course of two decades at the Met Council by inflating the rate of insurance policies paid by the nonprofit, and siphoning off the difference in cost.

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Source: The Algemeiner

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Posted by on September 25, 2013. Filed under Breaking News,NY News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.