A Russian immigrant to Israel with alleged ties to organized crime reached a plea bargain on fraud and bribery charges against him. Gregory Lerner, who previously maintained his innocence, agreed to plead guilty to some of the 14 charges, which are linked to his alleged attempts to establish a Russian- Israeli bank that authorities feared would be used to launder money. Under the terms of the deal, which an Israeli court is expected to rule on next month, Lerner would serve a jail term of six years and pay a fine of $5 million.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.