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Former Faculty of Drugs administrator pleads responsible to thieving $40 million from the University

Jamie Petrone-Codrington admitted to thieving $40 million in computer system and digital components from Yale College of Medicine.


Hannah Qu

10:31 pm, Mar 28, 2022

Team Reporter



Hedy Tung, Staff Photographer

A previous Yale Faculty of Drugs personnel pleaded responsible on Monday to fraud and tax offenses just after stealing $40 million in computer and digital program from the college above a practically ten-12 months period.

The previous administrator, Jamie Petrone-Codrington, pleaded responsible in Hartford federal courtroom, the U.S. Division of Justice introduced. Arrested by felony criticism on Sept. 3, 2021, Petrone-Codrington was released on a $1 million bond pending sentencing. In 2008, Petrone-Codrington was employed by the Yale University of Medicine’s Division of Crisis Medicine and most not long ago served as the Director of Finance and Administration for the office. In accordance to the DOJ press release, Petrone-Codrington experienced the authority to make and authorize purchases up to $10,000 for departmental needs. Commencing as early as 2013, Petrone-Codrington illegally procured and resold the components using resources from the University of Medicine. In complete, Petrone-Codrington brought on a decline of about $40,504,200 to Yale and a reduction of $6,416,618 to the U.S. Treasury.

“Petrone-Codrington pled responsible to a person count of wire fraud and one particular depend of filing a bogus tax return. She will be sentenced at a later date and will shell out restitution to Yale College and the IRS,” University spokesperson Karen Peart stated. “Yale at first alerted authorities to evidence of suspected felony conduct previous year and totally cooperated through the investigation. The College many thanks nearby legislation enforcement, the FBI, and the U.S. Attorney’s Office environment for their managing of the circumstance. Considering the fact that the incident, Yale has labored to determine and right gaps in its inner economical controls.”

The DOJ alleged that as element of the plan, Petrone-Codrington falsified Yale inner varieties and electronic communications to declare that the hardware was for healthcare faculty needs, these kinds of as health-related studies. She broke up the fraudulent buys into orders beneath the $10,000 threshold that would necessitate additional acceptance. An out-of-condition company, which resold the digital products to shoppers, compensated Petrone-Codrington by wiring resources into an account of a business in which she is a principal, Maziv Entertainment LLC.

In accordance to the governing administration courtroom filing, Yale obtained an anonymous suggestion that Petrone-Codrington was “ordering suspiciously substantial volumes of computer machines, some of which was put into her particular auto.” 

Petrone-Codrington used the proceeds of the profits of the stolen tools for various particular fees, which includes pricey autos, true estate and vacation.

She has agreed to forfeit $560,421.14 that was seized from the Maziv Enjoyment LLC lender account as properly as a litany of expensive vehicles: a 2014 Mercedes-Benz G550, a 2017 Land Rover Assortment Rover Sv Autobiography, a 2015 Cadillac Escalade Quality, a 2020 Mercedes Benz Model E450A, a 2016 Cadillac Escalade and a 2018 Dodge Charger. She also has agreed to liquidate a few Connecticut qualities that she owns or co-owns to enable satisfy her restitution obligation. A property she owns in Ga is also subject to seizure and liquidation.

Petrone-Codrington did not fork out taxes on the revenue she been given from offering the stolen machines. She filed wrong federal tax returns for the 2013 by 2016 tax several years in which she claimed as enterprise fees the fees of the stolen machines, and failed to file any federal tax returns for the 2017 by means of 2020 tax decades, according to the DOJ push launch. This induced a decline of $6,416,618 to the U.S. Treasury. 

According to the complaint, Petrone-Codrington furnished a voluntary statement to legislation enforcement on or around Aug. 26. Amongst other issues, she admitted to obtaining devised and executed the scheme, and indicated that it had been heading on for numerous a long time, probably as several as 10. Petrone-Codrington believed that about 90 % of her pc-related purchases ended up fraudulent.

She pleaded responsible to 1 rely of wire fraud, which carries a greatest expression of imprisonment of 20 decades, and just one rely of submitting a wrong tax return, which carries a greatest phrase of imprisonment of 3 a long time. 

The lawyer representing Petrone-Codrington could not be located or identified by the Information. Petrone-Codrington could not quickly be attained for remark.

Petrone-Codrington is scheduled to be sentenced by the U.S. District Judge Vanessa L. Bryant on June 29, 2022.





HANNAH QU


Hannah Qu addresses Cops and Courts. Initially from Jinan, China, she is a very first year in Trumbull College.