Former treasurer of Red Bank, NJ Education Foundation charged with embezzlement
A Lincroft man who had served as the treasurer of the Red Bank Education Foundation has now been charged with embezzling thousands of dollars from the non-profit organization.
Acting Monmouth County Prosecutor Lori Linskey announced Monday that 32-year-old Hazim Yassin, 32, is criminally charged with third-degree Theft by Unlawful Taking for stealing $7,650 over the course of two years from the Red Bank Education Foundation.
When the non-profit ran a financial audit earlier this year, they discovered that there were several withdrawals made from their bank account "that could not be reconciled" and four of those money withdrawals took place in 2020 when the foundation wasn't active as the pandemic was beginning to worsen.
Acting Prosecutor Linskey said when the Red Bank Education Foundation learned of the improprieties, the MCPO Financial Crimes and Public Corruption Bureau investigated the claims and situation.
During the time period, Yassin was treasurer of the nonprofit, he was responsible for the withdrawals according to an MCPO review of financial records.
Over the course of two years, Yassin embezzled $7,650 and failed to reference those transactions in the nonprofit’s treasury reports, according to the MCPO.
Yassin has been served the charge on a summons, pending a first appearance to take place in Monmouth County Superior Court, and he faces up to five years in prison if convicted.
This case has been assigned to Monmouth County Assistant Prosecutor Lawrence Nelsen, Director of the MCPO Financial Crimes and Public Corruption Bureau.
Yassin is represented by Robert A. Honecker, Jr., with an office in Freehold.