NEW HAVEN, CT — Employed by the Yale School of Medicine for years, Jamie Petrone, 41, pleaded guilty to stealing and then selling some $40 million worth of medical equipment, the U.S. Department of Justice and the FBI.
Federal prosecutors said she used the money she made selling the equipment she stole to pay for expensive luxury cars, to buy property in Connecticut and Georgia, and to travel.
Petrone, formerly of Naugatuck, pleaded guilty in federal court in Hartford to wire fraud and filing false tax returns. She faces up to 23 years in federal prison when she is sentenced in June.
For three years, according to prosecutors, she did not pay taxes on the money she received from the sale of the stolen equipment; she filed false federal income tax returns from 2013 to 2016 in which she “falsely reported as business expenses the costs of stolen equipment”. She also failed to file federal income tax returns for the 2017 to 2020 tax years. Prosecutors said she caused “a loss of $6,416,618 to the US Treasury.”
According to the U.S. Attorney in Connecticut, Petrone is to hand over a 2014 Mercedes-Benz G550, a 2017 Land Rover/Range Rover Sv Autobiography, a 2015 Cadillac Escalade Premium, a 2020 Mercedes Benz Model E450A, a 2016 Cadillac Escalade and a 2018 Dodge Charger. She must also liquidate three Connecticut properties she owns or co-owns to help “meet her restitution obligation,” the Justice Department noted, and a property she owns in Georgia is also under investigation. seizure and liquidation.
According to court documents and statements made in court, beginning around 2008, Petrone was employed by Yale University School of Medicine, Department of Emergency Medicine, and most recently served as Director of finances and administration of the Department of Emergency Medicine. As part of his job responsibilities, prosecutors said, Petrone had the authority to make and authorize certain purchases for departmental purposes as long as the amount of the purchase was less than $10,000.
Prosecutors said that beginning at least in 2013, Petrone “engaged in a scheme” in which she ordered, or had others work for her order, millions of dollars worth of electronic equipment from Yale suppliers using Yale Med funds. And then arranged to ship the stolen equipment to an out-of-state business in exchange for cash, prosecutors said.
As part of the scheme, Petrone “misrepresented” on Yale’s internal forms and in electronic communications that the material was for specific Yale Med needs, such as particular medical studies, and it split fraudulent purchases in orders below the $10,000 threshold that require additional approval, according to court records.
The out-of-state company, prosecutors said, which resold the electronic equipment to customers, paid Petrone by transferring funds to the account of a company of which it is a principal, Maziv Entertainment LLC . She “agreed to lose” $560,421.14 from this LLC.
Petrone was arrested by criminal complaint on September 3, 2021. She is free on $1 million bail pending sentencing.