Manhattan, NY - More Than $1 Million Swindled from Foundation by Executive Director

Manhattan, NY - The head of a philanthropic foundation helped himself to more than $1 million of the organization's money.

In papers filed in Manhattan Supreme Court, the Harry and Jane Fischel Foundation - which helped Yeshiva University and also contributes to lots of Orthodox Jewish institutions - accuses Michael Jaspan of cheating it through a variety of scams while he was executive director.

Jaspan, 54, served as executive director, vice-president and a board member of the foundation until the wrongdoing was discovered. The misconduct would have been discovered sooner, but the accountants hired by the board of directors to find out where all of its cash was going only reported Jaspan's wrongdoing to one person - Jaspan.