Petrone pleaded guilty to one count of filing a false tax return and one count of wire fraud on March 28.
Petrone, through her job at Yale University, made and authorized purchases for her department that were priced below $10,000. She began stealing from the university in 2013, when she ordered or caused other people to order electronics from university vendors that were worth millions of dollars, according to the Department of Justice, which added that she used university funds to make the purchases.
Petrone agreed to forfeit some of her assets, including multiple cars, in addition to $560,421.14 from Maziv Entertainment LLC. In addition, Petrone also agreed to “the liquidation of three Connecticut properties that she owns or co-owns to help satisfy her restitution obligation.”Jamie Petrone was sentenced to more then nine years in prison.Frank Riccio, Petrone’s attorney, said that she is sorry for her actions and accepts responsibility for what she did.
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Ex-Yale employee gets nine years in prison after admitting to stealing $40M from universityPetrone pleaded guilty to one count of filing a false tax return and one count of wire fraud on March 28.
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