RAMBAM PRINCIPAL INDICTED

September 14, 2009
- Important Information Bulletin -

Dear Yeshivat Rambam Parents and Friends:

Several months ago, through our normal internal controls and procedures, it became clear that our school had experienced some financial irregularities and, in addition, that school funds were missing. Our bank and the State Attorney’s office thoroughly investigated the incident. With the help of our financial institutions, we have every expectation that we will fully recover all misappropriated funds; the vast majority of missing funds have, in fact, already been recovered.

The investigative process, conducted by the State’s Attorney’s office, has led to the indictment of Rabbi Jay Wagner, a former Assistant Principal of our elementary school.

On the advice of counsel, and in the hope of a happier resolution, we remained silent during the investigative phase of this situation. While we are deeply saddened by this turn of events, we are confident that this matter will be resolved in a fair, impartial, and judicious manner.

In closing, Yeshivat Rambam remains a financially strong and vibrant institution, committed to providing the Baltimore Jewish community with excellence in education, both Judaic and secular.