Thursday, September 26, 2013

Former Charity Chief Accused of Theft

We have some times blogged about misconduct by leaders of various charities.  The New York Times reported on another such heist earlier this week.

According to the Times, prosecutors allege that shortly after William E. Rapfogel became the leader of one of New York City’s most influential social service organizations in 1992, he began to steal.

A criminal complaint filed on Tuesday maintains that Rapfogel received envelope after envelope, stuffed with skimmed cash kickbacks.  Also cited in the complaint were a $27,000 check written to a contractor working on Rapfogel's apartment, roughly $100,000 to help his son buy a home, and a campaign finance scheme that manipulated the city’s matching-funds formula, fraudulently increasing campaign contributions to favored city politicians who provided government grants to his organization.

Over two decades at the nonprofit Metropolitan New York Council on Jewish Poverty, Mr. Rapfogel and two confederates stole more than $5 million, much of it taxpayer money, said the complaint, which detailed the schemes and charged Mr. Rapfogel with grand larceny, money laundering and other crimes.  The Times continues:

Rapfogel, who was compensated more than $400,000 a year as the organization’s chief executive, surrendered early on Tuesday morning at the First Precinct station house in Lower Manhattan, where he was fingerprinted and photographed. He was charged with one count each of first-degree grand larceny, first- and second-degree money laundering and fourth-degree conspiracy; four counts of third-degree criminal tax fraud; five counts of first-degree falsifying business records; and three first-degree counts of offering a false instrument for filing.

VEJ

 

 

 

 

 

 

 

 

 

 

 

http://lawprofessors.typepad.com/nonprofit/2013/09/former-charity-chief-accused-of-theft.html

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