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Weekly Roundup: Rabbi Pleads Guilty to Money Laundering, Ex-Panamanian President is Indicted for AML Violations, And More
printAn Orthodox rabbi admitted in a federal court that he participated in a money laundering scheme that used charities to hide nearly $1 million in proceeds. Rabbi Mordchai Fish pleaded guilty in the U.S. District Court of New Jersey to funneling illicit money via charities called "gmachs" through an underground money transfer network that moved illicit funds between Brooklyn and Israel, according to a Monday Huffington Post article. More Fish's plea is the result of a 2009 New Jersey FBI sting investigation that netted 44 people in total, making it the biggest FBI sting operation in the state's history. More...
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