The Ivy League is where the country's elite go to become even elite-r. It's also apparently where they go to pull off elite-style multimillion-dollar fraud schemes:
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.
Here's a question: Have you ever noticed how similarly these fraudsters behave when they rip off all these millions? "Mercedes, Land Rovers...Cadillac Escalades, numerous properties in several states..." All white-collar criminals seem to have the same lame, tawdry tastes, don't you think?
I mean, not that there's a good way to be a white collar criminal. Don't misinterpret me here. Crime is bad, kids. Don't do it.
Anyway Ms. Petrone had a pretty successful racket going on here for a while:
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.
Successful, maybe...but not successful enough. She got caught!
Crime might pay for a bit, folks, but eventually it will be you that pays, dummy!
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