Former Met Council CEO arrested in fraud scheme
State Attorney General Eric Schneiderman indicted the former head of the Metropolitan Council on Jewish Poverty Tuesday for allegedly defrauding the nonprofit millions of dollars over two decades.
William Rapfogel, who was charged with grand larceny, money laundering, criminal tax fraud, and conspiracy, stole more than $5 million from the organization by inflating insurance policies paid by Met Council, the AG said.
Rapfogel, who was fired from his Executive Director and CEO position in August, allegedly pocketed $1 million for himself and shared the rest with his conspirators during the 20 year period, according to the Schneiderman.
The ousted CEO also directed the owner of the insurance company to make contributions to politicians in an effort to benefit the Met Council.