By Associated Press - Monday, April 24, 2017

TOMS RIVER, N.J. (AP) - A rabbi who founded a school in New Jersey for students with special needs has denied using its purported fundraising foundation in his schemes to steal and launder money.

Osher Eisemann pleaded not guilty Monday to charges of theft, misapplication of entrusted property, money laundering and misconduct by a corporate official.

The 60-year-old Lakewood man is the director of the School for Children with Hidden Intelligence in Lakewood. Officials have claimed that he misappropriated more than $630,000 in public tuition funds the school received.



He’s accused of stealing about $430,000 in public tuition money for a personal business venture. He also allegedly misappropriated an additional $200,000 in a money laundering scheme.

Eisemann and his attorney both declined comment after Monday’s hearing.

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