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Goldenberger, who claimed not to have known the source of the money, was convicted of forging bank documents and given five years' suspended

imprisonment. Va'anunu was convicted, sentenced to eight years' imprisonment but released much earlier after he became an informer for the DEA. Later, as

was stated, he ran into trouble again and fled the US. Nine persons were convicted in that affair, including Rabbi Israel Eidelman, Vice President of the

yeshiva and some of its dignitaries. Tiferet Yer-ushalayim faced financial difficulties at that time. It leaders attempted to maintain the students by paying them

from the laundered drug profits.

The phenomenon, incidentally, is very common among New York Jews. Many Jewish congregations are dying because their members are leaving the city or

their former neighborhoods. Thus, the congregations are losing their sources of income and facing large debts. In that situation the road is short for the

synagogue or yeshiva to launder drug money as a pious duty, since it means easy money and lots of it. "Laundering money is extremely beneficial to the

yeshivas and other Jewish religious institutions," said a source close to the investigation. "They are in a difficult situation and therefore they turn a blind eye to

the drug problem. They don't ask what the source of the money is as long as it keeps coming in."

The attitude of the pious Jewish community, according to the same source, is: "Drugs are sold anyway. As long as it does not harm our own community and

only does good for it, it doesn't matter if we benefit from drug trade." The role of the Israelis is, in many cases, to make the connection between the religious

Jewish communities of New York and the Colombians.

The Colombians are more satisfied with this method of laundering than with any other because, for political reasons, it is a relatively secure way of which it

could be initially assumed that it was not going to be forcibly investigated by the US authorities. Only in July 1990 the situation began to change.

The Federal authorities renewed an investigation of some Williamsburg Hassids, owners of jewelry shops on 47th Street, who were suspected of laundering

drug money. The investigation focused on the brothers Naftali, Naiklosh and Yitzhak Slilesinger, and on Ya'akov Shlesinger (Naftali's son) and Milon

Jakloby, his nephew. The investigators found evidence of close connections between the Slilesingers and the Andonian brothers, members of a Colombian

family accused of laundering, almost one billion dollars. The Shlesingers were suspected of laundering money by means of a subsidiary called Bali, through

checks drawn from the account of "Camp Yereim" ["Camp of the Pious]" a Hassidic summer camp in the Catskills.

Camp Yereim denies any connection with these checks. On April 7 of this year, Rabbi Abraham Lau, a prominent Hassid from "Magen Abraham" synagogue

in Los Angeles was convicted of conspiring to launder drug money. Lau is married to the niece of the Satmar Rebbe, Moshe Teitlebaumi, who wields

enormous political influence in New York State.

Unfortunately, Lau told an undercover FBI agent about a "sacred network" of Satmar Hassids in which other Orthodox Jews had also participated. The

"sacred network", whose membership was strictly limited to pious Jews, operated in the 47th Street area in New York and was capable of laundering up to

$5 million weekly, thanks to its widespread contacts with Jewish charitable institutions.

Unfortunately, law enforcement agents in New York do not believe that the "sacred network" and the many other Jewish laundering rings have any sanctity.

In the past year the Federal activity concerning Israelis and Jews on 47th Street has greatly increased. The investigators now employ the services of many

Hebrew translators since the rings, even if composed of native American Jews, employ only "the sacred language" for their operations.

Aharon Sharir is, undoubtedly, the major Israeli launderer. He was born in Iraq about 45 years ago, immigrated to Israel with his family at the age of one

year, graduated from an Israeli high school, served with distinction in the army and became an expert in fixing delicate mechanical instruments used to mend

gold jewelry. In 1979, Sharir came to New York on a tourist visa with $6,000 in his pocket. He went into the gold business, established a small plant for

manufacturing gold jewelry and did well. Then, through another Israeli diamond trader, he discovered the laundering business. Sharir reached a laundering

activity of about $160,000 per day, six days per week (laundering is not done on the Sabbath), but in 1985 his wings were clipped when he was accused of

having swindled a New York bank to the tune of $3 million. He quickly returned the money and was sentenced to a fine and a suspended prison sentence.

In 1988 Sharir's laundering activities reached amazing heights. His gold shop on 47tll Street became one of the greatest laundering centers in the entire US.

"Three times a week," Sharir told the court at one of the many trials in which he is now testifying, "we received the cash. It used to arrive in canvas sacks, in

cardboard boxes or in suitcases. Sometimes there were a million dollars in one shipment."

Roy Lopez, representing the Colombian cartels, would arrive from Miami equipped with a document sent from Colombia which contained detailed coded

instructions about where to send the money. "Even with automatic money-counting machines it was difficult to count the money," Sharir testified. "It arrived in

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