Jacob Fetman Of Midwood Indicted For Embezzling $237,000 From Jewish Outreach Organization
The chief financial officer of Manhattan-based nonprofit Aish HaTorah, Jacob Fetman, of Midwood, was charged yesterday with embezzling more than $237,000 from the international Jewish outreach organization through another non-profit under his control.
According to District Attorney Ken Thompson’s office, Fetman routed the organization’s donations through three separate Aish bank accounts that he controlled. From November 2010 to August 2013, he allegedly transferred $922,931.74 of that money to a bank account for Merkaz, a religious organization whose official address is shared with Fetman’s Ocean Avenue home, and which he runs, according to prosecutors. Merkaz is not a part of Aish in any way.
He then bounced some of the money back to Aish – $685,454.43 – a net loss to the organization of $237,477.31, said Thompson’s office.
Aish is one of the largest international outreach organizations in the world, with 30 branches on five continents. Established in 1974, it encourages Jewish people to reconnect with their faith and culture. The organization operates seminars, produces events for Jewish singles, provides education and training to local faith groups and publishes Aish.com, a leading website for Jewish-related lifestyle and religious content.
Fetman, 45, served as the organization’s CFO for 17 years. Fetman was terminated when Aish officials discovered the banking irregularities.
“This defendant abandoned his duty to safeguard Aish HaTorah’s finances and allegedly stole $237,477 in charitable donations from this venerable non-profit organization. He will now be held accountable,” said Thompson in a press release.
