Former Yale Employee Stole $40M of Electronics

The employee, Jamie Petrone, pleaded guilty to fraud and tax offenses in Hartford, Conn. Petrone was hired by Yale Med’s Department of Emergency Medicine in 2008 and most recently served as the director of finance and administration, the Department of Justice reported. The DOJ said Petrone’s job responsibilities included authorizing certain departmental purchases under $10,000. Beginning in 2013, Petrone ordered or made other employees order millions of dollars of electronic hardware using Yale Med funds. She then shipped the stolen hardware to an out-of-state business in exchange for money. Yale University lost $40 million due to Petrone’s scheme and the U.S. Treasury lost more than $6 million, according to the DOJ.