Former Exec Of NYC Non-Profit Accused Of Embezzling More Than $2.3 Million

Jeffrey Bernstein, 61, has been accused in civil proceedings of embezzling more than $2.3 million from the Albert Ellis Institute in New York City where he had served as director of administration.  Until his resignation earlier this week, Bernstein was also the chairman of the Manhattan Chamber of Commerce and is the chairman of Archstone Group.  The civil case, brought by the Institute against JP Morgan Chase, alleges that the bank allowed Bernstein to make at least 65 funds transfers to accounts he controlled for his own personal benefit.  The alleged misappropriations began at least a year ago in April 2010, when he became director of administration and continued until February 2011.  However, Bernstein previously served as president of its board of trustees for 3 1/2 years prior to taking the administrative position. 

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