Wednesday, March 30, 2022

Yale University director stole $40M in electronics from the university to buy luxury cars, real estate, and travel for almost a decade

An elite universities trusted his employee and neglected to verify by audit! This is a spectacular case!

It also appears it was the tax fraud committed that turned this criminal in and not the theft itself by the university!

You wonder how many other cases there at U.S. universities with less than $40 million and over 8 years of crime!

"... In addition to causing $40,504,200 in losses to Yale, Petrone caused a loss of $6,416,618 to the U.S. Treasury by failing to pay taxes on the money she received from selling the stolen equipment. ...
[the employee] was arrested in September 2021 but has since been released upon payment of a $1 million bond. She now awaits sentencing scheduled for June 29."

Yale director stole $40M in electronics from the university to buy luxury cars, real estate, and travel — she wasn't caught for almost a decade - TheBlaze

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