Ex-Schechter CFO gets more charges

BY BRANDON DUFFY

An ex-employee from the Schechter School of Long Island who was fred last summer after being charged with money laundering has also been charged with trying to illegally sell presidential memorabilia.

West Islip resident David Ostrove, 51, pleaded not guilty to one count of second-degree criminal contempt and three counts of unlawful disposition of assets subject to forfeiture Wednesday.

Ostrove allegedly attempted to sell three items of historical signifcance and beneft from the proceeds, a violation of a court order preventing so, prosecutors said.

A West Islip man charged with stealing millions from the Schechter School of Long Island in Williston Park has been charged with unlawfully selling presidential memorabilia.

On Dec. 10 Ostrove entered a consignment contract with SMR Collectibles in Amityville to sell a check signed by President Benjamin Harrison, an 1867 warrant letter by President Andrew Johnson and a John Wilkes Booth 1863 Playbill, according to documents.

The three items have approximate estimated values of $8,000, $2,000 and $4,500 respectively according to court documents.

A July 2022 court order prohibited Ostrove from selling any property to recover the $8.4 million he is accused of stealing from the Williston Park school.

Ostrove, who is currently out on a $2 million bond, allegedly stole millions from the school to purchase homes on Fire Island and pay for his daughter’s college tuition, the Sufolk County District Attorney’s Ofce said last July.

He allegedly used the school’s PayPal and Stripe accounts to transfer funds into a personal PayPal account between March 2014 and April 2022, ofcials said.

Ostrove then transferred the stolen funds hood we serve.”

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