views
Person struck by train in Brooklyn; L line delayed: …
Man sentenced for stealing $8.4M from LI private …
NY, NJ have longest commute times in US: How long?
YouTuber Ms. Rachel calls out Adams’ cuts to preschools
Manhattan BP calls on MTA for more bathroom access
Jury selection in Donald Trump’s criminal trial resumes
Man charged with fatally stabbing twin appears in …
Preview: ‘A Life Well Lived’ Tony Bennett exhibit
Dispelling TikTok remedies
Aries Spears on his current standup tour
Preview: ‘Going Home with Tyler Cameron’
An inside look at the ‘Omnium Circus’
Celebrating National Brunch Month with recipes
Catching up with pro skateboarder Ryan Sheckler
Nation’s No. 2 guard Boogie Fland talks commitment …
Could Bill Belichick be the next head coach of the …
Paterson hopes to bring MLB game to Hinchliffe Stadium
Paterson, MLB in talks to host game at Hinchliffe …
Moose on the Loose: Farewell to John Sterling
Foster Parents Changing Lives in New York
Beyond the Bell at Brooklyn’s Ivy Hill Prep Charter …
You Auto Know – Windshield Wipers
Fighting Maternal and Infant Mortality with One Brooklyn …
Eucerin’s New Immersive Hydration Face Care Collection
by: Charline Charles
Posted: Apr 18, 2024 / 11:26 AM EDT
Updated: Apr 18, 2024 / 11:33 AM EDT
SUFFOLK COUNTY, N.Y. (PIX11) — A former Long Island executive was sentenced to 8 to 25 years in prison for stealing $8.4 million from a private school.
A jury found David Ostrove, 52, guilty of grand larceny and money laundering, on Wednesday after stealing millions from the Schechter School of Long Island while serving as the school’s chief financial and technology officer.
Ostrove, while working at the school for 11 years transferred school funds into his accounts between March 2014 and April 2022, court documents reveal. Ostrove purchased a 1965 Mustang, a Lincoln Aviator, and a Mercedes Benz with the stolen funds.
He also bought five beach homes on Fire Island and paid $1.4 million worth of renovations on the beach homes, while collecting $600,000 of rental income from them. Additionally, Ostrove used the fund to pay his daughter’s college tuition, cover personal travel expenses, make payments on his home equity loan and purchase collectible coins, court officials said.
Justice Collins also ordered Ostrove to pay for the full $8.4 million in restitution.
“This sentence sends a clear message that we take white collar crime extremely seriously here in Suffolk County,” said District Attorney Raymond Tierney. “We are satisfied that with both the verdict and sentence that justice has been attained for all of the students, staff, and the community at the Schechter School.”
Charline Charles is a digital journalist from Brooklyn who has covered local news along with culture and arts in the New York City area since 2019. She joined PIX11 News in 2022. See more of her work here.
Suggest a Correction
Your name(required) Your email(required) Report a typo or grammatical error(required)Submit
Δ
Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Bar soaps are more cost-effective and environmentally friendly than their liquid counterparts, so you may want to give them a try.
If you want to upgrade your home appliances, overhaul your entertainment setup or treat yourself to some new tech, now is an excellent time to buy.
You can get a gorgeous bouquet delivered just about anywhere in the U.S. for a great price, thanks to this deal from Bouqs.
https://pix11.com/news/local-news/long-island/long-island-man-stole-8-4m-from-private-school-bought-5-houses-cars/
Comments
0 comment