That includes three properties in Connecticut that he owns or co-owns, according to prosecutors. Petrone-Codrington also filed false tax returns from 2013 to 2016, claiming the cost of the stolen equipment as business expenses and failing to file tax returns from 2017 to 2020. That cost the US Treasury Department $ 6 million, according to with the press release. Petrone-Codrington, who was arrested in September 2021, was charged with fraud through remittances and filing a false tax return. According to court documents, he faces up to 23 years in prison. He is currently out of jail on a $ 1 million bail and is due to be sentenced in June. Her lawyer, Frank Riccio, told CNN that his client “took responsibility for her actions and regrets it”. “He is now looking forward to condemning and repairing some of the damage that has been done,” he said. The court also ordered Petrone-Codrington to pay $ 40.5 million in damages to Yale and more than $ 6 million to the Internal Revenue Service for failing to file and filing a false tax return. The FBI launched an investigation into Petrone-Codrington in August 2021 following information provided by the university and found that as early as 2013 it began ordering electronics, such as Microsoft Surface Pro tablets, with medical schools, according to the Application. He then sold them to a third-party company, which will direct the electronics funds he sold back to Petrone-Codrington through Maziv Entertainment LLC, a company he owns, according to the press release. Over a period of eight years, Petrone-Codrington placed or ordered other Yale staff to place thousands of electronics orders. From May to August 2021 alone, it ordered about $ 2.1 million in computer equipment using Yale funds, according to the initial complaint, and law enforcement officials were still determining how many of those purchases were legal. In a statement issued by law enforcement in August 2021, Petrone-Codrington admitted to carrying out the plan for several years and “estimated that about 90% of its computer-related purchases were fraudulent,” according to the FBI. . “The university thanks the local law enforcement authorities, the FBI and the Office of the Attorney General for handling the case,” Yale University spokeswoman Karen Parth told CNN. “Since the incident, Yale has worked to identify and correct gaps in its internal financial controls.” Petrone-Codrington has worked at Yale since 1999, but has held the position of chief administrator and director of finance and administration for the university’s Department of Emergency Medicine since September 2019, according to court documents. He has been working in the Yale Department of Emergency Medicine since 2008. Yale University could not confirm when Petrone-Codrington’s term ended. However, an article in the Yale Daily News reported that he was no longer working at the university as of September 2021.
