David Ostrove allegedly bought four luxury cars, five homes, and enjoyed a lavish lifestyle by siphoning funds from the Schechter School of Long Island. By Batya Jerenberg, World Israel News A top administrator of a New York Jewish day school was charged Monday with grand larceny and money-laundering for embezzling $8.4 million over a period of some eight years. David Ostrove, 51, was the chief financial officer and director of operations at the Schechter School of Long Island. He allegedly started his alleged criminal activity about three years into his tenure. “As alleged in the indictment, this defendant was trusted...