Former Yale Official Admits to She Stole $40 Million in Tech Equipment in Eight-Year-Long Fraud Scheme

Graeme Wood writes, on Twitter, "Yale administrator stole $40-million in $10k increments, to avoid detection. That means she stole $10k twice a day for 8 years, and no one caught on."

At Yahoo, "Yale employee stole $40 million from medical school for homes, luxury cars, prosecutors say":

A former Yale School of Medicine employee stole $40 million in computers and electronics from the school and sold the goods to fund a lavish lifestyle that included luxury cars, multiple properties and trips, prosecutors said.

Jamie Petrone, 42, of Lithia Springs, Georgia, pleaded guilty to one count of wire fraud and one count of filing a false tax return Monday in federal court in Hartford, the U.S. Attorney’s Office for the District of Connecticut announced in a news release.

She is alleged to have run a scheme for eight years starting in 2013, causing Yale to lose $40,504,200, prosecutors said.

Petrone started work for the medical school in the emergency medicine department in 2008, officials said. She most recently was the department's director of finance and administration.

Petrone had the authority to make and authorize purchases for the department with a cap of $10,000, the release said.

Since no later than 2013, she ordered or had other staff members order millions of dollars’ worth of electronic hardware, such as iPads and Microsoft Surface Pro tablets, from vendors using Yale Med funds, prosecutors said. Petrone then arranged to have the hardware shipped to an out-of-state business in New York, which resold the goods, they said...

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