Ex-CFO of NYC Charity Gets Jail Time for Insurance Kickback Scheme

June 19, 2014

A former executive of a prominent New York City charity has been sentenced to pay $775,000 in restitution and serve four months in jail for conspiracy and grand larceny in what authorities call a scheme to steal $9 million over two decades.

Herbert Friedman, ex-chief financial officer of the Metropolitan Council on Jewish Poverty, admitted last month in state court that he received about $250,000 in the kickback scheme with insurance payments between the early 1990s and 2009.

The charity’s former CEO, William Rapfogel, and two other men previously pleaded guilty.

The Met Council helps poor and elderly city residents and get state and city grants and contracts.

The attorney general’s office says the sentence for 80-year-old Friedman takes into account his age, medical condition and cooperation.

Related Articles:
Ex-CEO Admits to Stealing Millions from Poverty Charity with Insurance Scam
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Broker Pleads Guilty in NYC Charity Theft, Faces Up to 25 Years in Prison

 

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