My sources are good, but I won't print the names until I can confirm the raid. I will say that if this is true, there are a lot of women who will be very happy tonight.
Rabbi Mendel Epstein was arrested in Flatbiush at 8:43 pm EDT. Money laundering and (get-related) extortion charges.
Rabbi in Monsey may be Rabbi Wolmark. Yeshiva Shaarei Torah on Carlton Road.
Update 10:50 pm CDT – The Journal News reports:
The FBI apparently told Ramapo police to follow them to the yeshiva. Ramapo police said about 10:30 p.m. that their activity was expected to end shortly.An FBI spokesman in the New York office would only say that searches were being conducted in connection with an ongoing investigation. He could not confirm whether arrests had been made and referred calls to the New Jersey office of the agency.Agents could be seen leaving the building later in the night.[Hat Tip: The Lion.]