APRIL 8, 2011, 2:08 P.M. ET

Associated Press

http://online.wsj.com/article/AP9a354dba454049e69e80a608e3af5d32.html

TRENTON, N.J. — A New York rabbi has pleaded guilty to a money laundering conspiracy charge in New Jersey's largest federal corruption sting.

Mordchai Fish, the principal rabbi of Brooklyn's Congregation Sheves Achim, entered his plea Friday in a Trenton courtroom.

Prosecutors say Fish conspired to launder approximately $900,000 he thought was criminal proceeds from Solomon Dwek, an undercover government cooperator posing as a businessman.

According to court filings, Dwek gave Fish checks payable to a religious charity that the rabbi converted into cash to give back to Dwek, minus a 10 percent commission.

Three others accused of conspiring with Fish have pleaded guilty.

Fish was among 46 people, including 5 rabbis, arrested in July 2009 in the culmination of a federal investigation into money laundering and public corruption.