News

Former Yale Official Admits $40M Fraud Scheme

By keeping the amount of each order under $10,000, the investigator said, Ms. Petrone was able to avoid an extra layer of verification required by the university. In 2021, she arranged for the university to buy 8,000 iPads and Surface Pro tablets, according to a criminal complaint.

According to court records, Ms. Petrone has held various administrative positions in the Department of Emergency Medicine since 2008 and has held other capacities at the University and Yale New Haven Hospital beginning in 1999.

While under surveillance under law enforcement last August, Ms Petrone drove 94 boxes that had been loaded into the back of her Range Rover and contained new Surface Pro tablets from her office to a nearby FedEx facility in Orange, Connecticut from NewHaven. said investigators.

In announcing the plea agreement, federal prosecutors said Ms. Petrone also evaded $6 million in federal income taxes on her gains from the program, including filing several years of false tax returns.

On these tax returns, she falsely claimed the cost of the stolen devices as business expenses. Ms Petrone has not filed a tax return for three years, according to prosecutors, who said she also agreed to pay the federal government compensation for the unpaid taxes.

“Miss Petrone has accepted responsibility for her actions and awaits conviction,” Frank J. Riccio II, an attorney for Ms. Petrone, said in an email on Friday.

Ms Petrone pleaded guilty to one count of wire fraud and one count of filing a false tax return. She faces a maximum sentence of 23 years in prison. Based on federal sentencing guidelines, her sentence is closer to the range of eight to 10 years, with a fine of $30,000 to $300,000, according to the plea agreement.

Ms Petrone has been released on $1 million bail pending her sentencing, which is scheduled for June.

https://www.nytimes.com/2022/04/01/nyregion/yale-administrator-guilty-jamie-petrone.html Former Yale Official Admits $40M Fraud Scheme

Ethan Gach

TheHiu.com is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@thehiu.com. The content will be deleted within 24 hours.

Related Articles

Back to top button