A Brooklyn, New York man who operated a charitable organization, or “gemach,” today admitted his role in a money laundering conspiracy, U.S. Attorney Paul J. Fishman announced…
Schwartz admitted that beginning in May 2008, he and his brother, Rabbi Mordchai Fish, met with Solomon Dwek, an individual he now knows was a cooperating witness with the United States. For a fee of approximately 10 percent, Fish and Schwartz agreed to launder and conceal Dwek’s funds, which were purported proceeds of illegal businesses, through a series of purported charities, also known as gemachs, for a 10 percent fee.
Fish would instruct Dwek to make checks payable to various charitable organizations, or gemachs, including Boyoner Gemilas Chesed (BGC), which was operated by Goldhirsh, who provided cash directly to Fish and Dwek on two occasions in exchange for checks made payable to BGC and at least five additional checks were deposited into the BGC account as part of other transactions. Fish previously pleaded guilty to conspiring to commit money laundering and is scheduled to be sentenced on June 18, 2012.
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