The former chief executive of FEGS is suing the bankrupt Jewish social service agency for $1.2 million in deferred compensation.
The Jewish social services behemoth FEGS Health & Human Services will soon file for bankruptcy, the Forward has learned.
FEGS was warned of cascading fiscal problems months before its collapse, the Forward has learned. So why did the Jewish charity fail to raise alarm — or take steps to stop the bleeding?
FEGS dumped millions into a for-profit tech subsidiary even as its own finances went south. By doing so, did the Jewish social service charity kill its own chances of surviving?
Two New York Jewish charities rocked by scandal in recent months have something in common: They were both audited by the small accounting firm Loeb & Troper.
The collapse of Met Council and FEGS should wake us up to a disturbing reality: We do not have — and badly need — a strategy for combating Jewish poverty.
Scandal has hit four New York Jewish charities. And some are asking whether the local Jewish federation that helps fund them bears some responsibility.
FEGS was long known as one of the most stable and largest Jewish social service agencies. If it could go belly up so quickly, what groups could be in danger of failing next?
The massive Jewish social service agency FEGS is shutting down, Crain’s New York Business reported on Friday.