Former Yale Administrator Pleads Guilty To Embezzling $40 Million In Massive Fraud. A former Yale Medical School administrator has pleaded guilty to embezzling $40 million from the school in an electronics purchasing scheme. According to federal prosecutors, Jamie Petrone, 42, took advantage of her position as the director of finance for the emergency medicine department to authorize equipment purchases without additional approvals, which weren’t required as long as the amounts were below $10,000.. In total, prosecutors say she caused Yale $40,504,200 in losses – which she never declared as income on her ‘false’ tax returns for years 2013 through 2016....