Sunday, October 30, 2022

Williamsburg Hasidic School Fined $8 Million for ‘Several Overlapping Frauds’

Central United Talmudic Academy (CUTA), a.k.a. Yeshiva Torah ViYirah DeRabbeinu Yoel MeSatmar, in Williamsburg, Brooklyn, on Monday admitted in federal court that it was involved in several overlapping frauds, including a multi-million-dollar scheme to wrongfully obtain funds designated to feed needy schoolchildren, the US Attorney’s office for the Eastern District of New York reported Monday.

CUTA has entered into a three-year deferred prosecution agreement with the government in connection with the criminal information filed in the Eastern District of New York charging the school with conspiring to commit wire fraud. As part of the agreement, the school has agreed to pay $5 million in penalties, on top of more than $3 million in restitution it has already paid.

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