FREEHOLD – The Monmouth County Prosecutor’s Office today announced the arrest of the former treasurer of the Red Bank Education Foundation and a former Red Bank councilman for stealing thousands of dollars from the organization over the course of two years.
In January, Yassin was evicted from his apartment after owing $32,000 in unpaid rent at his Branch Avenue apartment, which he had not paid since January of 2020.
Hazim Yassin, 32, of the Lincroft section of Middletown is charged with third-degree Theft by Unlawful Taking, acting Prosecutor Lori Linskey said.
“An investigation by the MCPO Financial Crimes and Public Corruption Bureau was initiated earlier this year, after the Red Bank Education Foundation performed a financial audit and identified a series of unauthorized withdrawals from its bank account that could not be reconciled – including four made in 2020, when the foundation was inactive due to the height of the COVID-19 pandemic,” Linskey said. “The investigation showed that at the time of the withdrawals, Yassin had served as treasurer of the nonprofit, which funds educational opportunities in the areas of science, technology, engineering, arts, and mathematics for local low-income and/or disadvantaged students. A review of financial records revealed that Yassin was responsible for the withdrawals, which totaled $7,650, and reference to some of them was missing from the nonprofit’s treasury reports.”
Yassin, a Democrat lost his bid for re-election last November.
Yassin was served the charge against him on a summons, pending a first appearance to take place in Monmouth County Superior Court.