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April 24, 2014 / 24 Nisan, 5774
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Posts Tagged ‘William Rapfogel’

Ex-Met Council Chief Rapfogel to Plead Guilty in Financial Scam

Wednesday, April 23rd, 2014

William Rapfogel, the ousted leader of the Metropolitan Council on Jewish Poverty in New York, reportedly will plead guilty for his role in a scheme to steal more than $7 million from the social service agency.

Rapfogel, who had served as CEO and president of the Met Council from 1992, was scheduled to enter a guilty plea in State Supreme Court in Manhattan on Wednesday morning.

David Cohen, Rapfogel’s predecessor at the council, is also scheduled to plead guilty for his role in the scheme, according to The New York Times, citing people familiar with the case.

Rapfogel has agreed to pay substantial restitution, the newspaper reported, citing unnamed sources. The plea agreement is confidential.

Rapfogel was fired in August 2013 after financial irregularities were discovered in an investigation initiated by the Met Council’s board of directors. New York State Attorney General Eric Schneiderman and the state comptroller’s office then opened a probe.

He was arrested in September and charged with grand larceny and money laundering.

Rapfogel had served as CEO and president of the Met Council from 1992.

“I deeply regret the mistakes I have made that led to my departure from the organization,” he said following his ouster by the social service agency.

Rapfogel allegedly inflated the Met Council’s health insurance payments by several hundred thousand dollars a year and then split the proceeds with politicians who supplied grants to the agency.

Rapfogel hosted an annual breakfast that draws many influential political figures.

The Met Council provides employment services, crisis intervention, emergency food and other programs for poor Jewish households.

Two More Charged in Met Council Scam

Wednesday, January 8th, 2014

Two former employees of the Metropolitan Council on Jewish Poverty were charged Tuesday in the multimillion-dollar scam at the New York charity.

Former Executive Director David Cohen and Chief Financial Officer Herbert Friedman were arraigned in Manhattan Criminal Court on grand larceny, money laundering and conspiracy charges. They pleaded not guilty.

According to the felony complaint, Cohen and Friedman told prosecutors they conspired with former Met Council chief William Rapfogel to collect kickbacks on insurance payments.

Rapfogel, a longtime Jewish communal professional who was considered a major power broker in New York, was fired as Met Council president and CEO over the summer after the council’s board of directors learned of financial regularities.

In September, Rapfogel was arrested on charges of grand larceny and money laundering.

Met Council Cleared for State Funding following Scandal

Sunday, December 22nd, 2013

The Metropolitan Council on Jewish Poverty will be able to continue receiving New York State funds in the wake of the scandal that has seen its former CEO charged with stealing millions from the charity.

The New York State attorney general and comptroller announced Thursday that they had reached an agreement with the Met Council, a leading Jewish social services agency. The agreement, which coincides with two parallel agreements reached with city agencies, provides “assurance that Met Council is implementing critical reforms to prevent the misuse of public funds,” Attorney General Eric Schneiderman said in a press release.

Among the reforms the council agreed to are implementing enhanced governance and personnel policies, hiring a general counsel and chief compliance officer, engaging a new outside auditor, appointing at least two new independent board members to be approved by state and city officials, and training board members and key personnel yearly in ethics and nonprofit compliance.

The agreement notes that Met Council’s board has already conducted its own investigation and replaced certain senior management.

The agreement comes a week after New York State’s attorney general announced that one of former Met Council CEO William Rapfogel’s alleged co-conspirators pleaded guilty to grand larceny, money laundering and tax fraud.

Joseph Ross, who pleaded guilty last week, was the owner of Century Coverage, a Long Island insurance company that submitted inflated bills to the Met Council, allegedly sharing the extra money with Rapfogel and using some of it for campaign contributions to elected officials. Rapfogel, who had headed Met Council for more than 20 years, was fired from his post in August and arrested in September.

Another Arrest in Rapfogel Case

Saturday, November 16th, 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 Wednesday 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.

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

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.

Met Council Taps NY Finance Chief Frankel to Replace Rapfogel

Monday, August 19th, 2013

The Metropolitan Council on Jewish Poverty is bringing in New York City’s finance chief, David Frankel, to succeed the fired William Rapfogel as executive director and CEO.

The Met Council announced the appointment of Frankel, who has been the commissioner of the Department of Finance since 2009, on Monday. His department collects more than $30 billion in revenue for the city.

Frankel will officially join the Met Council on Sept. 30. It is one of New York’s largest human services agencies, providing services to 100,000 New Yorkers annually.

Rapfogel, who headed the organization since 1992, was dismissed earlier this month after an internal investigation discovered financial malfeasance related to the company’s insurance policies. He is under investigation by the New York State attorney general and comptroller.

Printed from: http://www.jewishpress.com/news/breaking-news/met-council-taps-ny-finance-chief-frankel-to-replace-rapfogel/2013/08/19/

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