Maybe when your endowment’s $31.2 billion you don’t give a rat’s ass when someone steals a measly – I dunno – thirty million; but Yale might at least have thought of the embarrassment when this hit the press.
Yale law professor Kate Stith, who previously worked as a federal prosecutor in Manhattan, said that she prosecuted many similar cases of money laundering and mail and wire fraud, though she could not recall one on such a large scale because of how long Petrone-Codrington’s scheme went undetected. “One naturally asks: Where were Yale’s accountants and compliance officers?”
I mean, she was at this for eight to ten years.
And yes, yes – UD has long pledged not to bother blogging about these stories, since they’re as common as domestic slaughter with AK-47s… but this one has an interesting wrinkle, something UD discovered in doing a quick background check on the irreproducibly named JAMIE PETRONE-CODRINGTON. Jane Smith I wouldn’t have bothered with; but a name like Jamie P-C will yield only the best results.
And there you are. She is or was married to a semi-famous boxer! If I’m not mistaken.
“The Don’s” loss to Allan Green earned Green the 2005 knockout of the year award.
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She split the purchases into orders below $10,000 so they did not require additional approval by her supervisors.
So that means she must have filed – what – 17 billion orders? And the system was that no one at Yale University saw any records of her purchases? Come again?
So this is where the mind naturally goes to a conspiracy. Who else at Yale Med School knew about/covered up the crime?