A former finance director at NYU was indicted this week for allegedly siphoning millions of dollars meant for minority- and women-owned businesses to fund her own lavish lifestyle, such as building an $80,000 swimming pool in her Connecticut home.
Gothamist is funded by sponsors and member donations
In a statement on Monday, Manhattan District Attorney Alvin Bragg said the scheme “negatively impacted our city's minority- and women-owned business enterprises by denying them the chance to fairly compete for and secure the funding.” She allegedly arranged for three companies – Rice Fowler & Associates, Ltd; Wei Wei & Co LLP; and PC Liu – to receive the “overwhelming majority” of contracts set aside under state law for certified women- and minority-owned businesses.
“We are deeply disappointed that an employee abused the trust we placed in her in this way, and we are pleased to have been able to assist in stopping this misdirection of taxpayer money," NYU spokesperson John Beckman said in a statement.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-NYU Finance Director Accused of Stealing $3.4 Million Meant for Women, MinoritiesA former director of finance at New York University, Cindy Tappe, has been indicted on accusations she defrauded the university of $3.4 million that was supposed to fund women and minority-owned businesses.
Read more »
NYU x Billboard | Music Industry EssentialsMusic Industry Essentials, an online course we built with NYUTischSchool CliveDavisInst & YellowbrickLrn, empowers you to build your skills in marketing, production, revenue streams, image development & more. Learn more at NYUxBillboard
Read more »
Ex-NYU admin accused of blowing state funds on swimming pool put on leave from YaleYale spokesperson Karen Peat told The Post Tuesday that “Ms. Tappe has been placed on leave.”
Read more »
Former NYU Administrator Charged in $3.5 Million Fraud Scheme, Using Grants to Pay for Home UpgradesA former New York University administrator was charged with fraud for allegedly diverting $3.5 million in state grants for special education and English-language learners and using some of the money for a new swimming pool at her home
Read more »
Former NYU administrator charged for orchestrating $3.5M fraud schemeCindy Tappe, 57, was charged with diverting funds from New York State Education Department grants.
Read more »