For nearly a decade, 42-year-old Jamie Petrone engaged in a computer and electronics purchase scheme to rob her employer, Yale University School of Medicine, out of tens of millions of dollars without getting caught.
But that all changed this week.
According to a Justice Department news release issued Monday, Petrone pleaded guilty in federal court to wire fraud and filing a false tax return, crimes that carry a combined maximum sentence of 23 years in prison.
In all, she stole more than $40 million in electronics from her employer over the course of eight years and used the money to fund lavish vacations and purchase multiple luxury cars and expensive properties, prosecutors said.
The scheme reportedly started in 2013. At the time, Petrone was employed as the director of finance and administration for the school’s Department of Emergency Medicine. In her position, she was authorized to make certain purchases for departmental needs as long as the amounts were below $10,000.
www.theblaze.com/news/yale-admin-stole-40-million