Jamie Petrone, a former Yale employee, admits stealing $ 40 million in electronics

Jamie Petrone, a former Yale employee, admits stealing $ 40 million in electronics

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A former Yale University employee pleaded guilty this week to fraud and tax offenses and admitted to stealing $ 40 million computer equipment and more school electronics And selling it.

Jamie Petrone, who had been an administrative employee in the Emergency Medicine Department at Yale School of Medicine, was arrested in September, according to university officials.

Petrone, 42, of Georgia, pleaded guilty to a computer fraud tally and a false tax return tally. She will pay the refund to Yale and the IRS and she is expected to be sentenced in June.

Her attorney, Frank J. Hedgehog II, stated in an email that “Ms. Petrone has accepted responsibility for her actions and feels remorse. She is now looking forward to condemning and repairing some of the damage caused. “

Federal authorities said Petrone started working for Yale in 2008 and, most recently, was director of finance and administration for the Department of Emergency Medicine. In that role he had the authority to make and authorize purchases of up to $ 10,000 for the department, authorities said.

Officials said Petrone bought or ordered others to buy millions of dollars of electronic and computer equipment such as Apple iPad and MacBook and cameras using Yale Med funds, splitting purchases below the $ 10,000 threshold. The goods were later shipped to an out-of-state company, which resold the equipment and transferred money to Maziv Entertainment LLC, a company of which Petrone is the principal, according to federal officials. He then used the proceeds for personal expenses such as travel, luxury cars and real estate.

As part of the request, Petrone agreed to give up more than $ 500,000 seized from Maziv Entertainment and liquidate three properties he owns or co-owns in Connecticut for restitution, authorities said. Another property in Georgia is also subject to seizure and liquidation, according to federal officials. She too agreed to give up six vehicles, including Cadillac, Mercedes-Benz and a Land Rover / Range Rover.

Petrone paid no income taxes, according to federal officials, filing false declarations for the 2013-2016 fiscal years and no federal declarations from 2017 to 2020, which cost the U.S. Treasury more than $ 6 million.

Petrone and a lawyer representing her did not immediately respond to requests for comment Thursday.

Yale initially alerted authorities of suspected criminal behavior last year, he said Karen N. Peart, spokesperson for the university. “The university thanks local law enforcement, the FBI and the US Attorney’s Office for handling the case,” she wrote in an email. “Since the incident, Yale has worked to identify and correct loopholes in its internal financial controls.”

The United States Attorney for the District of Connecticut, the FBI, the IRS, and the Yale Police Department investigated the case.

Magda Jean-Louis contributed to this report.

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