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Ostrove faces 25 years in slammer, and likely will be ordered to pay restitution. Unless Mrs. Ostrove or someone else in family has deep recourses that house likely will be on market soon....
Meanwhile Ostrove's legal team and saying their client is not the bad guy here. School has "failed to show they were harmed" so attorneys are likely moving to have verdict set aside.
Another guy living way above his head and turns to crime to keep it going.
It's the wife and children you want to feel sorry for; I mean what to you say to people now that God and the world knows how your high living lifestyle came to be.
Rather stunning number, almost a million a year for a 10 years. There was no oversight at the school, we have seen the same with people embezzling from charities, schools, businesses.
He bought 3 Fire Island homes, poured in millions in improvements.
Rather stunning number, almost a million a year for a 10 years. There was no oversight at the school, we have seen the same with people embezzling from charities, schools, businesses.
He bought 3 Fire Island homes, poured in millions in improvements.
That school has some questions to answer.
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."
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.
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