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November 21, 2014 / 28 Heshvan, 5775
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Posts Tagged ‘Joseph Ross’

Another Arrest In Rapfogel Case; Alleged Theft Now $7 Million

Sunday, November 17th, 2013

Authorities charged the owner of a New York insurance company with helping William Rapfogel, the former chief of the Metropolitan Council on Jewish Poverty, steal more than $7 million from the organization.

The owner, Joseph Ross, was arrested and charged with a litany of crimes, including first-degree grand larceny and money laundering, according to The New York Times. The scheme, in which Rapfogel allegedly pocketed more than $1 million for himself, spanned more than two decades, according to the criminal complaint.

Ross’ company, Century Coverage in Valley Stream, N.Y., allegedly inflated invoices to Met Council. The illicit money was divided between Ross, Rapfogel and another person, the complaint said.

Rapfogel was fired from his post in August and arrested in September. At that time, the complaint listed $5 million as having been stolen. The new higher number suggests that authorities now believe the scheme involved even more money.

Ross did not enter a plea and was released on his own recognizance.

Printed from: http://www.jewishpress.com/news/breaking-news/another-arrest-in-rapfogel-case-alleged-theft-now-7-million/2013/11/17/

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