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Ex-Yale administrator stole $40M (€36M) in a decade-long purchase fraud scheme

Premium March 30, 2022
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BREAKING: European Parliament officially adopts Europe’s new AML laws and establishment of AMLA

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NEWS: Barclays implements £20,000 annual cash deposit limit to combat money laundering

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NEWS: Frankfurt re-confirmed as AMLA seat at European Parliament, putting an end to speculation Spanish MEPs would seek new vote

By Alisha Houlihan for AMLi

A former administrator at Yale University School of Medicine, in the United States, has pleaded guilty to stealing $40M (€36M) from the school over a nearly decade-long fraud involving computer and electronics purchases.

Upon sentencing in June, she faces up to 30 years in prison for wire fraud and filing false tax returns. She is currently free on a $1M (€896K) bond.

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Premium

BREAKING: European Parliament officially adopts Europe’s new AML laws and establishment of AMLA

 Premium

NEWS: Barclays implements £20,000 annual cash deposit limit to combat money laundering

 Premium

NEWS: Frankfurt re-confirmed as AMLA seat at European Parliament, putting an end to speculation Spanish MEPs would seek new vote

Regulatory Watch News

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