Far Rockaway Ocean House Adult Home Swindler Begins Jail Term
More than two years after he was arrested and charged with stealing more than $2 million from a Far Rockaway adult care facility, Sherman Taub, 60, started a prison term of one to three years last week.
The jail term, and restitution of more than $1.6 million, was part of a deal that Taub and his son, Judah, worked out with federal prosecutors in July, when they pleaded guilty to grand larceny.
The two men were charged with stealing the money from Ocean House, an adult care facility housing the mentally disabled, which is located at 12-14 Heyson Road in Far Rockaway. The 125-bed facility operates as a not-for-profit-entity.
Taub took over the facility from his brother-in-law, Beryl Zyskind, who was reportedly convicted of stealing federal payments from residents of the home and was eventually sentenced to 30 months in prison in 1996.
In July of 2002, a 34-count indictment was handed down against the Taubs by Manhattan District Attorney Robert Morgenthau. That indictment included charges of grand larceny, falsifying business records and a host of other felonies.
At the time, the DA said that the duo had stolen a significant portion of the $1.4 million a year paid to the facility by the Social Security Administration on behalf of the disabled residents and that they used that money for their own personal interests.
Manhattan Supreme Court Justice James Yates told Taub last week that he could not apply for work release programs that would get him out of prison early until he filed amended city, state and federal income tax forms for pervious years. Federal prosecutors said that Taub never included the millions he had taken from the adult care facility on his income tax statements. That money was reportedly diverted to a shell corporation set up by Taub.
Judah Taub was sentenced to three year’s probation for filing false paperwork with the state.
Under the terms of a civil settlement with the state attorney general’s office that was agreed to last summer, Taub has agreed to be barred permanently from the adult home industry in New York State.