Jamie Petrone Codrington, former Chief Administrator of the Department of Emergency Medicine at Yale University School of Medicine, was sentenced to nine years in prison for fraud and tax violations related to the theft of $40 million from the department.
Kayla Yap
staff reporter
Eric Wang
After stealing $40 million from Yale Medical School and failing to pay more than $6 million in taxes, the former Yale Medical School administrator was sentenced to nine years in prison.
Jamie Petrone-Codrington was the former chief administrator of the medical school’s emergency department. Arrested September 2021 by criminal prosecution.according to DOJ press releasePetrone-Codrington was sentenced on October 13 to 109 months (nine years) and released under three years’ supervision.
“Yale University would like to thank law enforcement at all levels for handling this case,” university spokesperson Karen Peart wrote in the News. We are adopting additional measures to detect: Redesigning business processes; Improving financial reporting, analysis, and training.”
Petrone Codrington pleaded guilty On March 28, commit wire fraud (up to 20 years in prison) and file false tax returns (up to 3 years in prison). Her guilty plea was part of a plea bargain that ranged from 97 months to her 121 months in prison.
She also had $560,421.14 seized from the bank account of Maziv Entertainment LLC, as well as six luxury vehicles (2014 Mercedes-Benz G550, 2017 Land Rover/Range Rover SVAutobiography, 2015 Cadillac Escalade Premium, 2020). Mercedes) agreed to confiscate. Benz model E450A, 2016 Cadillac Escalade (4 door sport), and 2018 Dodge Charger. In addition, Petrone-Codogrington agreed to liquidate three of her properties in Connecticut, subject to restitution obligations. Property she owns in Georgia is also subject to foreclosure and liquidation.
Petrone-Codrington executed an almost decade-long plan to buy and resell computer and electronic hardware.
Having worked at Yale University since 1999 and with the Department of Emergency Medicine since 2008, she became the department’s Chief Administrator and Head of Finance and Administration. Petrone-Codrington had the authority to make and approve purchases up to $10,000 as needed by the department. She used her department’s funds to buy electronic hardware such as iPads, MacBooks, and cameras, and then sold the devices to out-of-state resellers.
Petrone-Codrington typically splits purchases into several orders to stay below the $10,000 threshold, avoid additional approvals, and transfer funds to Maziv Entertainment LLC, of which she is the principal (company owner). Make a wire transfer to your account.
Petrone-Codrington provided false reasons for orders and sometimes falsified emails. In one instance in January 2018, Petrone-Codrington edited an email from an employee to make it appear as though he had been asked to order 50 iPads for screening purposes. She falsely claimed that her purchases were for specific medical research and other departmental needs. She estimated that about 90% of computer-related purchases are fraudulent.
According to a government sentencing memorandum, Petrone Codrington used her Yale University affiliation to tell customers that she was able to access educational discounts and an excess inventory of electronics.
The press release also revealed that Petrone Codrington filed false federal tax returns for the 2013-2016 tax years and claimed the cost of the stolen equipment as a business expense. After that, she failed to file federal tax returns for the 2020 tax year from her 2017. This cost the US Treasury a total of $6,416,618 in losses.
Petrone-Codrington has spent over $20 million in revenue, spent over $4 million on travel, nearly $4 million on entertainment, and over $2.5 million on retail.
The scheme, which began in 2013 and ran until August 2021, stole approximately $25.5 million of the $40 million between fiscal years 2019 and 2022.
After a plea, it turned out that the total $40,504,200 she stole from medical school also included funds from Yale-New Haven Hospital.
“In court today, Ms. Petrone issued a deep apology to Yale University for her inexcusable conduct,” said her attorney, Frank Riccio. wrote in the email to the Associated Press. “She will continue to hold herself accountable and continue to make her reparations.”
The case was indicted by U.S. Assistant Attorney David E. Novick.
Kayla Yap
Kayla Yup is the SciTech desk for Science & Social Justice and Yale New Haven Health System. At her arts desk, she’s in charge of the humanities. Her interests lie at the intersection of the humanities and her STEM, where she majors in Molecular, Cellular, Developmental Biology, History of Science, Medicine, and Public Health.
