Another Day-Another LI School Official Caught With Hands In Cookie Jar (2013, schools)
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IN this country, it show you get ahead.
He just got greedy and sloppy. There are tons of people who do this on daily basis and get away with it.
Yup. But it’s getting harder. Technology has definitely helped curtail these types of crimes.
Much easier in the old days with hiding a literal “paper” trail.
I’m trying to figure out other ways to embezzle my way into that ocean front property.
Yup. But it’s getting harder. Technology has definitely helped curtail these types of crimes.
Much easier in the old days with hiding a literal “paper” trail.
I’m trying to figure out other ways to embezzle my way into that ocean front property.
This was essentially looting a naive and trusting charity. No oversight (technological or otherwise) the way public schools have nowadays.
The wife never wondered how they could afford 3 FI homes with improvements.
If she was the "buy me, take me, bring me, send me" sort they generally don't spend much time thinking about source of money. Long as credit cards aren't declined and they otherwise can keep spending it's all good.
It was actually PayPal who made a phone call on Mr. Ostrove. Had that not happened who knows how much longer things would have gone on.
From Newsday:
"The district attorney’s office launched its investigation in March 2022 after being notified by PayPal officials of a potential fraud involving the school, Det. Investigator George Bean testified.
Bean said his investigation led him to connect the purchase of the five Fire Island homes between 2018 and 2021 with funds from Ostrove’s personal bank accounts to corporations registered to his home address. Lightstone said during opening arguments Ostrove used school funds to make “top-of-the-line” upgrades to the properties that earned him more than $600,000 in rental income in four years. Other items investigators said Ostrove purchased with school funds include a $15,000 baseball card, $10,000 coin set and $8,000 Olympic gold medal."
A common theme of dishonest school administrators on long island.
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