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NYU director accused of stealing funds meant for women and minority business owners

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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.

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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.

 

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My alma mater .

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