A chief rabbi associated with Solomon Dwek was sentenced today to two years of probation for operating an illegal money remitting business, according to the U.S. Attorney’s office.
Saul Kassin, 89, of Brooklyn, N.Y., and Deal, was ordered to forfeit $367,500 and pay an additional fine of $36,750. Kassin, chief rabbi of Congregation Sharee Zion, in Brooklyn, previously pleaded guilty before Trenton U.S. District Judge Joel A. Pisano to operating an unlicensed money transmitting business that transferred thousands of dollars in checks to New Jersey real estate developer Dwek, who previously pleaded guilty to bank fraud and money laundering charges.
Kassin admitted he accepted bank checks made payable to Magen Israel Society and issued checks from the account to other organizations, despite knowing that that the checks from Magen Israel Society would not be used for charitable purposes.
Kassin originally was charged July 23, 2009, when 44 people were arrested for alleged public corruption and international money laundering offenses involving Dwek.
