Posted on 03/03/2024 8:05:34 AM PST by CFW
An academic equity official has pleaded guilty to embezzling millions from New York University and using the money for personal expenses and an $80,000 pool at her luxe Connecticut home from funds that were supposed to go to women and minority businesses.
Cindy Tappe, 57, pleaded guilty Monday, according to Manhattan prosecutors.
After stealing the funds, she landed a new job as operations director at the Yale School of Medicine. The Ivy League school fired her after the charges became public.
Tappe, a former director of finance and administration at NYU's Metropolitan Center for Research on Equity and Transformation of Schools, sent about $3.5 million to a pair of shell companies she controlled between 2012 and 2018, according to prosecutors and the state comptroller's office.
(Excerpt) Read more at foxbusiness.com ...
Embezzling $3.5M and only having to make restitution for $660K.
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