Former Yale ADMINISTRATOR STOLE $40 MILLION, pretending to buy computer equipment for the university. Instead, she bought a fleet of luxury cars, and several houses
By Lukas I. Alpert
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.
Petrone began working for Yale in 1999 and for the medical school in 2008. She had most recently served as the director of finance for its emergency medicine department. As part of her job, she was able to authorize equipment purchases without additional approvals as long as the orders were below $10,000, prosecutors said.
Starting in 2013, prosecutors said Petrone began making numerous small orders of tablet computers and other equipment that were billed to the school. She would then sell them to a business in New York state and have them send money to the account of a wedding photography and videography company she controlled.
Prosecutors say that in 2021 alone, she purchased more than 8,000 tablet computers, all in orders smaller than $10,000. In one 10-week period that year, she ordered $2.1 million worth of equipment.
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It’s obvious no one else at Yale had anything to do with this crime spree.
Everyone knows how god damn dumb people at Yale are.
None of them could’ve possibly seen anything over the past decade that suggested $40 million was being stolen.
Again, over a decade.
$40 million.
At Yale.
Yeah, no one.
“Ms. Petrone will be punished for this selfish act of disloyalty and dishonesty. Thank you for coming. There’s nothing else to see here. We won’t be answering any other questions at this time. Thank you. The door is just behind you. Goodbye.”