Jamie Petron Codrington, former principal director of the Department of Emergency Medicine at Yale University School of Medicine, has been sentenced to nine years in prison for fraud and tax offenses related to stealing $40 million from the department.
After stealing $40 million from Yale Medical School and failing to pay more than $6 million in taxes, a former Yale Medical School official was sentenced to nine years in prison.
Jimmy Petron Codrington, former principal director of the Department of Emergency Medicine at the College of Medicine Arrested in September 2021 Via a criminal complaint. according to Ministry of Justice press releaseD., Petron Codrington, was sentenced October 13 to 109 months — nine years — with three years of supervised release, for fraud and tax offenses related to the theft of $40 million from the administration.
“Yale University thanks law enforcement at all levels for their handling of this issue,” university spokeswoman Karen Burt wrote to the news. Since the accident, the university has taken additional actions to detect fraud; redesigned business processes; and improve financial reporting, analytics, and training.”
Petron Codrington plead guilty on March 28 for electronic fraud – which carries a maximum prison sentence of 20 years – and filing a false tax return – which is up to a maximum of 3 years. Her guilty plea was part of a plea agreement where the advisory sentence ranges from 97 to 121 months of imprisonment.
It also agreed to forfeit $560,421.14 seized from Maziv Entertainment LLC’s bank account, as well as six luxury cars: 2014 Mercedes-Benz G550, 2017 Land Rover/Range Rover SVAutobiography, 2015 Cadillac Escalade Premium, and 2020 Mercedes-Benz. E450A, 2016 Cadillac Escalade (4-door sports) and 2018 Dodge Charger. Furthermore, Petrone-Codgrington has agreed to divest three properties in Connecticut in accordance with its redemption commitment. Also, the property you own in Georgia will be subject to confiscation and liquidation.
Petrone-Codrington implemented a nearly decade-long scheme to buy and resell computers and electronic devices.
She has worked at Yale University since 1999 and the Emergency Medical Department since 2008, and has risen to the position of Senior Director and Director of Finance and Administration for the Department of Emergency Medicine. Petrone-Codrington had the authority to make and authorize purchases to meet departmental needs, in amounts up to $10,000. It used departmental funds to purchase electronic devices — such as iPads, MacBooks, and cameras — and then sold the devices to out-of-state retailers.
Typically, Petrone-Codrington breaks purchases into several orders to stay below the $10,000 threshold and avoid additional approval, and then transfers the money to the account of Maziv Entertainment LLC, a company in which it operates – a business owner.
Petrone-Codrington may provide false justification for orders, and sometimes fake emails. In one case in January 2018, Petrone-Codrington edited an email from an employee to make it appear as if he had asked her to order 50 iPads for screening purposes. She would falsely present her purchases as for specific medical studies and other administrative needs. She estimated that about 90 percent of her computer-related purchases were fraudulent.
According to the government’s ruling note, Petron Codrington will tell its customers that it was able to use its Yale affiliation to access educational discounts and excess electronics supplies.
The press release also revealed that Petrone-Codrington filed false federal tax returns for the 2013 to 2016 tax years, in which it claimed the costs of the stolen equipment were a business expense. Then it failed to file federal tax returns for the 2017 to 2020 tax years. This caused a total loss of $64,16618 to the US Treasury.
Petrone-Codrington has spent more than $20 million in revenue, with more than $4 million spent on travel, approximately $4 million on entertainment expenses and more than $2.5 million on retail.
Although this scheme began as early as 2013 and continued through August 2021, approximately $25.5 million of the $40 million was stolen between fiscal years 2019 and 2022.
After the petition, it turned out that the total of $40,504,200 she had stolen from medical school also included money from Yale New Haven Hospital.
“Today in court, Ms. Petron has sincerely apologized to Yale University for her unforgivable actions,” her attorney, Frank Richio, said, Wrote in an email To The Associated Press. “You continue to take responsibility and intend to continue to compensate.”
The case was brought by Assistant US Attorney David E. Novick.