Security News > 2022 > March > Yale finance director stole $40m in computers to resell on the sly

A now-former finance director stole tablet computers and other equipment worth $40 million from the Yale University School of Medicine, and resold them for a profit.

Jamie Petrone, 42, on Monday pleaded guilty to one count of wire fraud and one count of filing a false tax return, crimes related to the theft of thousands of electronic devices from her former employer.

As director of finance and administration in the Department of Emergency Medicine, Petrone, of Lithia Springs, Georgia, was able to purchase products for her organization without approval if the each order total was less than $10,000.

Petrone started working at Yale University in 2008, and began ordering the pricey gear for herself from 2013.

An audit of Petrone's records revealed that she had arranged to buy approximately 8,000 iPads and Surface Pro tablets since January 2021 alone.

From tax years 2013 to 2016, Petrone falsely claimed the cost of the devices as business expenses.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/03/31/yale_electronics_fraud/