demerest-carolyn

A Brooklyn Commercial Division judge has confirmed a $20 million arbitration award issued by a Jewish religious court against a former executive of a Jewish charity under indictment for embezzlement.

Justice Carolyn Demarest said Monday that Jacob Fetman had failed to show that duress, fraud, bias or irrationality invalidated the arbitration proceeding which concluded he had embezzled $20 million during his 17 years as the chief financial officer of Aish Hatorah New York, a Manhattan-based charity.

While the arbitration proceeding was underway, Fetman was charged by the Brooklyn District Attorney last December with looting the charity of $237, 477 over the 21-month period prior to his being fired in October 2013… Read more