Fraudster finance boss is sentenced to eight-and-a-half years in prison for stealing $8MILLION from $26,000-a-year Long Island private school to buy five waterfront mansions, 1965 Ford Mustang and jewelry
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David Ostrove, 52, was sentenced to between eight 25 years in jail after committing a 'chilling' multi-year fraud on the Schechter School of Long Island. During his time as 10 years as CFO of the $26,000-a-year institution, he swindled $8 million on lavish gifts and properties. He siphoned millions of dollars from the school's coffers through shell corporations but has now been told he must repay the stolen cash

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