Former NYU Finance Director Charged With $3.5 Million in Fraud

Former New York University finance director charged with orchestrating fraud

Cindy Tappe, 57, allegedly diverted $3.5 million intended for women- and minority-owned businesses and for other programs into bank accounts held by two shell companies she created and then used the money to pay personal and luxury expenses, including renovations to her Westport, Connecticut, home, according to the Manhattan District Attorney’s Office.

“Our multilingual learners and students with disabilities deserve top-notch services, and these funds should have gone directly to their schools,” said Manhattan District Attorney Alvin Bragg. “Instead, we allege, the funds meant for student programs were used purely for personal gain by an NYU Director of Finance, who renovated a home in Connecticut and bought a swimming pool with the money.”

The accused: (It reminds me of the Ted Cruz quip about 'New York values.')

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