Former Yale administrator stole $40M, pretending to buy computer equipment for the university
A former administrator at the Yale University School of Medicine has pleaded guilty to stealing $40 million from the school in a nearly decade-long computer and electronics purchasing fraud.
Federal prosecutors say Jamie Petrone, 42, used the money to buy a fleet of luxury cars including Mercedes, Land Rovers and Cadillac Escalades, numerous properties in several states and to pay for lavish trips.
She pleaded guilty on Monday to wire fraud and filing false tax returns and faces up to 30 years in prison when she is sentenced in June. Until then, she is free on a $1 million bond. Her attorney didn’t immediately return a message seeking comment.