Insurance brokers involved in $9 million Met Council kickback scam lose their licenses, but avoid jail.
Two of the insurance brokers involved in a $9 million kickback scheme at the nonprofit Metropolitan Council on Jewish Poverty were sentenced today, Feb. 13, to five years probation and each was ordered to pay $1.5 million they admitting stealing from Met Council.
The two men, who were also ordered to surrender their broker’s licenses, were Solomon Ross and William Lieber. They have each already paid back $1 million, according to Attorney General Eric Schneiderman and Comptroller Thomas DiNapoli.
More than a dozen members of a prominent Satmar chasidic family in New York were charged with lying to obtain $20 million in mortgages while also receiving hundreds of thousands of dollars in public benefits.
Board members, outsiders, survivors to review of reparations organization's management in wake of fraud, but Berman survives as chairman.
A “thorough analysis of the current management of the Claims Conference” — including a review of its administration and governance — was ordered Wednesday by its board of directors, some of whom criticized the leadership for keeping the board in the dark about a letter in 2001 alerting them to a fraud within the organization.
Senior employee of Conference on Claims Against Germany convicted in $57 million scheme; only $5 million recovered to date.
A former senior employee of the Conference on Jewish Material Claims Against Germany and two codefendants were convicted last Wednesday in Manhattan federal court of helping defraud the organization out of $57.3 million intended for Jewish victims of the Holocaust.
Menachem Youlus, a rabbi who claimed that he rescued Torah scrolls lost during the Holocaust, was arrested on fraud charges and accused of fabricating the stories.
Youlus, the founder of Save a Torah, was arrested on Wednesday and charged with one count of mail fraud and one count of wire fraud. Federal prosecuters also accused Youlus of embezzling money from his charity for personal use and making up his stories of rescuing Torahs seized by tte Nazis.
Scheme to rip off German government went back to 1994.
An 11-month federal investigation into allegedly fraudulent Holocaust reparation claims resulted in the announced arrest this week of 17 Brooklyn residents — including six insiders — on charges that they bilked the Claims Conference out $42.5 million.