An insurance brokerage owner is accused of helping a longtime Jewish community leader steal more than $7 million from a prominent New York City charity.
Joseph Ross was charged with grand larceny and money laundering. The New York Times says he didn’t enter a plea at his arraignment Nov. 13 and was released on his own recognizance. His attorney declined to comment on the allegations.
According to a criminal complaint, the scheme spanned two decades and targeted the Metropolitan New York Council on Jewish Poverty. Ross’s company, Century Coverage, provided services to the group.
The charity’s former CEO, William Rapfogel, was arrested in August on similar charges.
The arrests are the result of an ongoing investigation by the offices of the state attorney general and state comptroller.
Was this article valuable?
Here are more articles you may enjoy.
Insurers Face Business Interruption Claims After Global Tech Outage 
Applied Systems Acquires Insurance AI Platform Planck 
‘Surface Waters’ on Roof Are Not ‘Flood’ Waters, Massachusetts High Court Rules 
Beef Between Wholesale and Retail Agents Should Go to Trial, Court Finds 
