Published on August 8, 2011 | by LawNews
Norman Silber Comments on Synagogue’s Routes for Recovering $600,000 Theft
Woodmere Shul’s Treasurer Charged With $600G Theft
By Michael Orbach
New York Jewish Week
August 8, 2011
Professor Norman Silber, a professor of law at Hofstra University who specializes in nonprofit corporations, said he believed there were multiple ways for the synagogue to recover the money.
“There are five possible claims or routes for recovery here by the synagogue,” he explained. “The personal liability of the treasurer; the potential liability of the firm; the potential liability of the bank; the duty of the Bar’s insurance fund for defrauded clients of attorneys; the duty of insurers of the synagogue and its board. In each case except for the claim against the treasurer himself, there will be a defense argument that there was contributory negligence involved because of inadequate internal controls.”
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