Manhattan DA says thieves in $2 million ring betrayed employers, preyed on clients.
Assistant Managing Editor
UJA-Federation is studying recommendations from a security consultant’s review of its donor transaction processing system after an employee’s arrest last week in a $2 million fraud-ring bust. But the agency is confident existing security measures are stringent and the recommendations may not have prevented the fraud by a trusted employee who was authorized to access financial data but allegedly betrayed that trust.
When officers of Congregation Aish Kodesh, a popular Modern Orthodox shul in Woodmere, noticed that the the shul’s checks were bouncing, an investigation led to startling news.
After a brief meeting, the board members discovered that more than $500,00 had been wired from the shul’s bank account to the account belonging to the law firm of the shul’s treasurer, Isaac Zucker, a securities lawyer with a nearby practice.