 He also wrote out 32 checks against the Bais Yaakov account, totaling approximately $78,000, all made payable to "Rabbi Balkany" which were subsequently endorsed and either cashed or deposited into a personal account at another bank.He also used thousands of dollars in grant funds to pay for personal items such as life insurance premiums; credit card bills and income taxes.Balkany was charged in the Complaint with theft of government property, filing a false claim, wire fraud and obstruction of justice and released on a bond of $750,000.