Former Director of the Albert Ellis Institute Charged With Grand Larceny
3 February 2012
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New York –A former director of the Albert Ellis Institute was arraigned on charges of grand larceny and money laundering. He is accused of stealing more than $2.5 million from the nonprofit psychotherapy organization and using the money for personal loans, credit cards and expenses. Jeffrey Berstein, 62, was the director at Albert Ellis Institute from January 2010 to February 2011. During that time he made 80 unauthorized wire transfers. The institute is also suing JPMorgan Chase for allowing Bernstein to make the transfers. Bernstein was fired after the thefts were discovered. Bernstein pleaded not guilty at his arraignment. If you are being charged with a crime and need a defense attorney, find one at NEWYORKLAWYERS360.COM.










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