The Manor College Board of Trustees issued the following statement yesterday in response to the theft of more than $714,241 from the Jenkintown-based college which involved a former administrator.

Manor College referred suspected theft by its former Business Office staff to the Montgomery County District Attorney’s Office. The DA’s Office investigated and filed charges. As a principled institution, we will not shy from openly pursuing justice. Our Board and Administration appreciate the fact that the college’s President is an Attorney and former Assistant District Attorney. Together, we trust that the law enforcement and judicial processes will render fair accountability.

The college restructured its Business Office, hired new auditors, revisited policies, and instituted appropriate actions, such as leveraging a robust insurance policy, all in a timely fashion. The college also engaged an Interim VP of Finance who is a CPA and an Attorney, and who worked for the U.S. Department of Defense in an audit position, among other admirable roles.

Apart from this challenge, the college is the beneficiary of generations-long fiscal stewardship and years of surpluses. We will endure because of that stewardship, strong leadership, and a resilient Basilian mission. We affirm our established core values, particularly Respect for the Dignity of Each Person and Service to our Community. We appreciate the support of caring faculty, staff, students, alumni and all of our campus community members.

Arion “Jonathan” Singh, 41, of Huntingdon Valley, Sydney Loveless, 39, of Chicago, Ill., and Amar Persad 46, of Cheltenham Township, received multiple felony charges for the theft. They turned themselves in on Friday, October 10.

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