NEW HAVEN, Conn. (AP) — A former Yale University administrator faces federal fraud and money laundering charges related to the theft of millions of dollars in computer equipment from the university's medical school.
The 41-year-old woman served in various positions at the school, including director of finance for the Department of Emergency Medicine.
Prosecutors allege that beginning in 2013, the woman ran a scheme that involved ordering millions of dollars in computer hardware from Yale vendors, then shipping the equipment to an out-of-state business in exchange for money.
The woman, who was authorized to make purchases below $10,000 for the school without additional approval, falsified forms to make it look like the equipment was needed for projects at the medical school, prosecutors said.
Prosecutors said the out-of-state business then resold the computer hardware to customers and paid the woman by wiring funds into an account of a company in which she is a principal.
The former administrator pleaded not guilty Friday in U.S. District Court to mail fraud, wire fraud and money laundering and was freed after posting a $1 million bond.
Yale issued a statement saying the woman is no longer employed at the university, which is "working to identify and correct gaps in its internal financial controls.”