• A former Yale administrator is accused of stealing as much as $30 million in computer hardware from the university.
• Jamie Petrone-Codrington allegedly ran a scheme for nearly a decade reselling computer equipment she was authorized to purchase for the school.
• She is charged with mail fraud, wire fraud and money laundering.
A former Yale administrator is accused of stealing as much as $30 million in computer hardware from the Ivy League school where she secretly ran a scheme for nearly a decade to resell the equipment for her own profit.
Jamie Petrone-Codrington, 41, has been charged with fraud and money laundering offenses after stealing computer gear from the Yale University School of Medicine, where she began working in 2008.
The Naugatuck, Conn. resident surrendered to law enforcement on Friday and appeared before a judge, where she was released on a $1 million bond, the U.S. Department of Justice District of Connecticut said.
She was the director of finance and administration
Petrone-Codrington had started working at Yale more than a decade ago, first for the Department of Emergency Medicine, and then cycling into a role as the director of finance and administration.
She had the authorization to make purchases below $10,000 for departmental needs. And beginning at least as early as 2013, Petrone-Codrington began orchestrating an eight-year money laundering scheme where she instructed employees to make illegal purchases for equipment and then resold it to an out-of-state business for cash.
An FBI affidavit obtained by the Hartford Courant revealed Petrone-Codrington had drafted thousands of purchase orders that were less than $10,000. Together, they were valued at around $30 million. She had purchased 8,000 iPads and Surface Pro tablets since January — in addition to $2.1 million in other equipment between late May and mid-August, according to the report.
Charged with mail fraud, wire fraud, and money laundering
The Hartford Courant reported that Petrone-Cordington turned herself in to authorities on Aug. 26, just a day after federal prosecutors and the FBI opened an investigation.
A Yale University spokesperson told the Yale Daily News that Petrone-Cordington is no longer employed at the school.
Petrone-Cordington is charged with mail fraud, wire fraud and money laundering. If convicted, mail fraud and wire fraud carry maximum penalties of 20 years, while money laundering could tack on an additional maximum of 10 years.
Yale is a private Ivy League university located in New Haven, Conn. Founded in 1701, it is the third-oldest university in the United States and is considered one of the most prestigious schools in the world.