Former School of Medicine administrator pleads guilty to stealing $40 million from the University

Jamie Petrone-Codrington admitted to thieving $40 million in laptop and digital hardware from Yale College of Drugs.

Hannah Qu

10:31 pm, Mar 28, 2022

Team Reporter

Hedy Tung, Team Photographer

A former Yale Faculty of Drugs staff pleaded responsible on Monday to fraud and tax offenses following stealing $40 million in personal computer and electronic software program from the university above a almost 10-yr time period.

The former administrator, Jamie Petrone-Codrington, pleaded guilty in Hartford federal court docket, the U.S. Section of Justice introduced. Arrested by felony grievance on Sept. 3, 2021, Petrone-Codrington was released on a $1 million bond pending sentencing. In 2008, Petrone-Codrington was utilized by the Yale Faculty of Medicine’s Section of Emergency Medication and most lately served as the Director of Finance and Administration for the division. According to the DOJ push release, Petrone-Codrington had the authority to make and authorize purchases up to $10,000 for departmental needs. Beginning as early as 2013, Petrone-Codrington illegally acquired and resold the components making use of cash from the School of Medicine. In total, Petrone-Codrington caused a decline of around $40,504,200 to Yale and a decline of $6,416,618 to the U.S. Treasury.

“Petrone-Codrington pled responsible to just one depend of wire fraud and just one count of submitting a untrue tax return. She will be sentenced at a afterwards date and will spend restitution to Yale College and the IRS,” College spokesperson Karen Peart stated. “Yale to begin with alerted authorities to proof of suspected felony conduct previous 12 months and completely cooperated through the investigation. The University many thanks neighborhood regulation enforcement, the FBI, and the U.S. Attorney’s Business for their handling of the circumstance. Since the incident, Yale has worked to detect and appropriate gaps in its inside financial controls.”

The DOJ alleged that as element of the scheme, Petrone-Codrington falsified Yale interior sorts and digital communications to assert that the hardware was for health care college needs, such as health care scientific studies. She broke up the fraudulent purchases into orders under the $10,000 threshold that would necessitate added acceptance. An out-of-point out company, which resold the electronic machines to shoppers, paid Petrone-Codrington by wiring money into an account of a business in which she is a principal, Maziv Leisure LLC.

According to the governing administration court filing, Yale been given an anonymous tip that Petrone-Codrington was “ordering suspiciously higher volumes of personal computer products, some of which was positioned into her personal car.” 

Petrone-Codrington used the proceeds of the income of the stolen gear for several particular charges, such as high priced cars, serious estate and vacation.

She has agreed to forfeit $560,421.14 that was seized from the Maziv Leisure LLC lender account as properly as a litany of highly-priced autos: a 2014 Mercedes-Benz G550, a 2017 Land Rover Assortment Rover Sv Autobiography, a 2015 Cadillac Escalade Premium, a 2020 Mercedes Benz Product E450A, a 2016 Cadillac Escalade and a 2018 Dodge Charger. She also has agreed to liquidate 3 Connecticut attributes that she owns or co-owns to support satisfy her restitution obligation. A home she owns in Ga is also issue to seizure and liquidation.

Petrone-Codrington did not fork out taxes on the income she received from marketing the stolen tools. She submitted bogus federal tax returns for the 2013 by 2016 tax years in which she claimed as company fees the expenses of the stolen tools, and unsuccessful to file any federal tax returns for the 2017 by means of 2020 tax yrs, in accordance to the DOJ press launch. This caused a reduction of $6,416,618 to the U.S. Treasury. 

According to the grievance, Petrone-Codrington delivered a voluntary statement to law enforcement on or around Aug. 26. Between other factors, she admitted to getting devised and executed the plan, and indicated that it experienced been heading on for a number of a long time, perhaps as numerous as 10. Petrone-Codrington approximated that roughly 90 per cent of her personal computer-connected buys were being fraudulent.

She pleaded responsible to one particular rely of wire fraud, which carries a maximum phrase of imprisonment of 20 years, and 1 count of filing a bogus tax return, which carries a highest term of imprisonment of three a long time. 

The law firm representing Petrone-Codrington could not be situated or recognized by the Information. Petrone-Codrington could not promptly be arrived at for remark.

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


Hannah Qu covers Cops and Courts. Originally from Jinan, China, she is a to start with yr in Trumbull School.