Former Yale administrator Jamie Petrone recently pled guilty to wire fraud and filing false tax returns for stealing $40 million from Yale by buying computers and reselling them for personal gain.
According to MarketWatch, the fraud began in 2013. Petrone would buy computer tablets and other electronics with Yale’s money, then sell them to a company in New York that would sell them to customers. The money from the sale was funneled into an account for a wedding photography and videography company she owned, according to prosecutors.
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