Yale PAWG stole $40-million in $10k increments for coli breh :wow:

OfTheCross

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A former Yale School of Medicine employee pleaded guilty on Monday to fraud and tax offenses after stealing $40 million in computer and electronic software from the school over a nearly ten-year period.

The former administrator, Jamie Petrone-Codrington, pleaded guilty in Hartford federal court, the U.S. Department of Justice announced. Arrested by criminal complaint on Sept. 3, 2021, Petrone-Codrington was released on a $1 million bond pending sentencing. In 2008, Petrone-Codrington was employed by the Yale School of Medicine’s Department of Emergency Medicine and most recently served as the Director of Finance and Administration for the department. According to the DOJ press release, Petrone-Codrington had the authority to make and authorize purchases up to $10,000 for departmental needs. Beginning as early as 2013, Petrone-Codrington illegally purchased and resold the hardware using funds from the School of Medicine. In total, Petrone-Codrington caused a loss of approximately $40,504,200 to Yale and a loss of $6,416,618 to the U.S. Treasury.

According to the government court filing, Yale received an anonymous tip that Petrone-Codrington was “ordering suspiciously high volumes of computer equipment, some of which was placed into her personal vehicle.”

Petrone-Codrington used the proceeds of the sales of the stolen equipment for various personal expenses, including expensive cars, real estate and travel.

She has agreed to forfeit $560,421.14 that was seized from the Maziv Entertainment LLC bank account as well as a litany of expensive cars: a 2014 Mercedes-Benz G550, a 2017 Land Rover Range Rover Sv Autobiography, a 2015 Cadillac Escalade Premium, a 2020 Mercedes Benz Model E450A, a 2016 Cadillac Escalade and a 2018 Dodge Charger. She also has agreed to liquidate three Connecticut properties that she owns or co-owns to help satisfy her restitution obligation. A property she owns in Georgia is also subject to seizure and liquidation.

Petrone-Codrington did not pay taxes on the money she received from selling the stolen equipment. She filed false federal tax returns for the 2013 through 2016 tax years in which she claimed as business expenses the costs of the stolen equipment, and failed to file any federal tax returns for the 2017 through 2020 tax years, according to the DOJ press release. This caused a loss of $6,416,618 to the U.S. Treasury.

According to the complaint, Petrone-Codrington provided a voluntary statement to law enforcement on or around Aug. 26. Among other things, she admitted to having devised and executed the scheme, and indicated that it had been going on for several years, possibly as many as 10. Petrone-Codrington estimated that approximately 90 percent of her computer-related purchases were fraudulent.

She pleaded guilty to one count of wire fraud, which carries a maximum term of imprisonment of 20 years, and one count of filing a false tax return, which carries a maximum term of imprisonment of three years.

The lawyer representing Petrone-Codrington could not be located or identified by the News. Petrone-Codrington could not immediately be reached for comment.

Petrone-Codrington is scheduled to be sentenced by the U.S. District Judge Vanessa L. Bryant on June 29, 2022.


The husband has not been charged :ehh::banderas:

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How Yale School of Medicine worker bought THOUSANDS of iPads over 10 years, then resold them | Daily Mail Online
 

BigMoneyGrip

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Awwww if I had a white bytch like that… I hope she diversified them bonds… would’ve been nice if she left her job in that 5th year and moved out of the country.. Yale would’ve been 3 years late finding out… she long gone


But we ain’t feeling sorry for Yale.. they have a 70 billion dollar endowment :unimpressed:
 

AtomicUse

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Hopefully she stashed the standard 15-25% of the fence and she’ll cop to a deal, do 8-10 years and come home to a few million.

I don’t advocate stealing from the school, but this just goes to show schools don’t need to charge as much as they do. If someone is fleecing millions and you don’t notice, how much waste are on having your students pay for.
 

AtomicUse

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Lol she probably fukked up when she invited a coworker to her house and they saw how she was living.
Likely not, what likely happened was the internal auditor that she had helping her snitched because they felt heat and tried to get out in front of it.

She was allotted $20k/day for purchases, those are supposed to be audited and signed off on. In a scam like this you are supposed to give kickbacks to the auditors so they keep their mouths shut.

Someone messed up.
 

The G.O.D II

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The fact that she was doing this for ten years and no one caught on immediately shows how utterly prosperous and corrupt the university system is. Glorified mob. They could probably not charge tuition for that same amount of time she was stealing for their student population and still be financially stable. But these are the a$$holes who will lobby Congress/The WH to not pass a bill to make community college free
 
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