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Former Yale Employee Facing Charges for Allegedly Selling Millions Worth of Computer Hardware

Former Yale Employee Facing Charges for Allegedly Selling Millions Worth of Computer Hardware

“engaged in a scheme where she ordered, or made others working for her order millions of dollars of computer hardware from Yale vendors using school funds”

It sounds like this person had quite an operation running out of the school.

NBC News in Connecticut reports:

Former Yale Employee Sells Millions of Dollars in Stolen Computer Hardware

A former Yale University School of Medicine employee is facing charges after being accused of stealing and selling millions of dollars’ worth of computer hardware.

The U.S. Department of Justice said Jamie Petrone-Codrington, of Naugatuck, is facing federal fraud and money laundering charges after allegedly stealing from the School of Medicine where she was employed.

Federal officials said Petrone-Codrington was released on a $1 million bond after appearing before a judge Friday.

Beginning in 2008, she was employed by the Yale School of Medicine, Department of Emergency Medicine, and most recently served as the Director of Finance and Administration for the department. Her responsibilities included making and authorizing certain purchases for departmental needs, as long as the purchase amount stayed below $10,000, according to the DOJ.

Officials said that beginning in at least 2013, Petrone-Codrington engaged in a scheme where she ordered, or made others working for her order millions of dollars of computer hardware from Yale vendors using school funds. She would then arrange to ship the stolen hardware to an out-of-state business in exchange for money.

It is believed that she falsely represented the university on internal forms and stated in electronic communication that the hardware was for specified Yale medicine needs such as particular studies. DOJ officials said Petrone-Codrington would break up the fraudulent purchases into orders below the $10,000 threshold that wouldn’t require additional approval.

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Comments

Yes, but perhaps Jamie has the “disease” of gambling addiction and couldn’t help doing it (so all is excused).

BTW, the staff responsible for creating and maintaining adequate checks and balances in the school’s accounting systems should at least fear for their jobs. After all, it’s not as if no one ever thought of getting around a purchasing dollar-limit by breaking up a large purchase into many smaller ones.

This reminds of the convicted former Dixon, IL official who stole over $ 30 million.

She was caught while on vacation and an employee became aware of a city bank account that the city did not know they had.

The city’s outside accountants paid millions of dollars as a settlement.

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