Uncategorized
Former NYU, Yale official pleads guilty to stealing money meant for equity programs
New York Post columnist Karol Markowicz says the left has been waging war on merit and reacts to colleges who ‘coddle students’ on ‘Fox Business Tonight.’
An academic equity official has pleaded guilty to embezzling millions from New York University and using the money for personal expenses and an $80,000 pool at her luxe Connecticut home from funds that were supposed to go to women and minority businesses.
Cindy Tappe, 57, pleaded guilty Monday, according to Manhattan prosecutors.
After stealing the funds, she landed a new job as operations director at the Yale School of Medicine. The Ivy League school fired her after the charges became public.
NYU CANCER DOCTOR SUES HOSPITAL, SCHOOL OVER PRO-ISRAEL POSTS, SAYS HE’S A ‘SACRIFICIAL LAMB’
Cindy Tappe, a former New York University director of finance, appears in Manhattan Supreme Court Dec. 19, 2022, on charges of money laundering, grand larceny, offering a false instrument and falsifying business records. (Steven Hirsch)
Tappe, a former director of finance and administration at NYU’s Metropolitan Center for Research on Equity and Transformation of Schools, sent about $3.5 million to a pair of shell companies she controlled between 2012 and 2018, according to prosecutors and the state comptroller’s office.
“She stole from everyone – the taxpayer, the university, the people the Metro Center is supposed to help.”
Some of the money went to covering legitimate NYU payments, prosecutors said, but she spent more than $660,000 on personal items, including the pool, which can be seen behind her $1.9 million New Canaan home on Google Earth images.
“After detecting suspicious activity by Ms. Tappe when she was an employee in the Metro Center, NYU had its Internal Audit office investigate further,” said NYU spokesperson John Beckman.
“NYU immediately furnished our auditors’ findings to the State Department of Education and the State Comptroller’s office and has cooperated fully with investigators since then.”
WHAT QUESTIONS SHOULD PARENTS ASK POTENTIAL COLLEGES?
Former NYU official Cindy Tappe allegedly stole millions from taxpayer-funded programs, spending proceeds on personal expenses, including an $80,000 pool at her $1.9 million Connecticut home. (Google Earth / Google Earth)
The money came from a $23 million pot of state grant money that was supposed to go to programs for bilingual and special education students. The terms of the grants dictated that a percentage of it be paid to “certified minority- and women-owned business enterprises,” according to prosecutors.
Tappe diverted the stolen money to three such subcontractors using “fictitious invoices” she made herself.
The companies took a cut, then sent the money to two shell companies Tappe controlled.
“We are deeply disappointed that Ms. Tappe abused the trust we placed in her in this way; she stole from everyone – the taxpayer, the university, the people the Metro Center is supposed to help,” Beckman said.
“NYU is pleased to have been able to assist in stopping this misdirection of taxpayer money and glad that the case has been brought to a close.”
A New York University sign on a campus building in New York City. (John Nacion/SOPA Images/LightRocket via Getty Images / Getty Images)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
As part of a plea deal, she agreed to pay back the stolen money and is expected to receive a sentence of five years of probation for a single count of second-degree grand larceny.
The charge carries a maximum sentence of 15 years in prison. As part of the plea deal, additional charges for fraud, money laundering and falsifying business records would be dropped.
The judge scheduled her sentencing hearing for April 16.
Tappe’s lawyer, Deborah Colson, did not immediately respond to a request for comment.
Product Name: Urgent Money Miracle – $2+ EPC! Get Instant 90% Commission Bump
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
Urgent Money Miracle – $2+ EPC! Get Instant 90% Commission Bump is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
Product Name: NEW! Christian Wealth Manifestation – Highly Targeted For Christians!
All orders are protected by SSL encryption – the highest industry standard for online security from trusted vendors.
NEW! Christian Wealth Manifestation – Highly Targeted For Christians! is backed with a 60 Day No Questions Asked Money Back Guarantee. If within the first 60 days of receipt you are not satisfied with Wake Up Lean™, you can request a refund by sending an email to the address given inside the product and we will immediately refund your entire purchase price, with no questions asked.
As we look ahead to 2024, many homeowners and prospective buyers are wondering what to expect when it comes to mortgage rates. The landscape of the housing market is constantly changing, so it’s important to stay informed about trends and predictions. In this blog post, we will discuss some factors that could impact mortgage rates in 2024 and what homeowners and buyers can expect.
One factor that could impact mortgage rates in 2024 is the overall state of the economy. If the economy is strong and growing, we may see higher mortgage rates as the Federal Reserve looks to combat inflation. On the other hand, if the economy is stagnant or in a recession, we may see lower mortgage rates as the Fed looks to stimulate growth. It’s important to keep an eye on economic indicators such as GDP growth, unemployment rates, and inflation to get a sense of where mortgage rates may be heading.
Another factor that could impact mortgage rates in 2024 is Federal Reserve policy. The Fed plays a key role in setting interest rates, and their decisions can have a ripple effect on mortgage rates. If the Fed decides to raise interest rates in response to inflation, we may see an increase in mortgage rates. Conversely, if the Fed decides to lower interest rates to stimulate growth, we may see a decrease in mortgage rates. Keeping up with the latest news and announcements from the Fed can give homeowners and buyers a sense of where mortgage rates may be heading.
In terms of specific cities and local mortgage companies, it’s important to note that mortgage rates can vary depending on location and lender. For example, in a city like New York City, where real estate prices are high, mortgage rates may be higher compared to a city like Indianapolis, where real estate prices are lower. Additionally, local mortgage companies may offer competitive rates and terms compared to national lenders. For example, in New York City, local lenders like Quontic Bank and CrossCountry Mortgage may offer specialized products and services tailored to the needs of local buyers.
It’s important for homeowners and buyers to shop around and compare rates from multiple lenders to ensure they are getting the best deal. Websites like Bankrate and LendingTree can be helpful resources for comparing rates and terms from multiple lenders. Homeowners and buyers should also consider working with a mortgage broker who can help them navigate the lending process and find the best mortgage product for their needs.
In conclusion, predicting mortgage rates in 2024 is not an exact science, but there are several factors that could impact rates. By staying informed about economic indicators, Federal Reserve policy, and local market trends, homeowners and buyers can make informed decisions about their mortgage. Shopping around and comparing rates from multiple lenders is key to ensuring you are getting the best deal on your mortgage. Whether you’re looking to refinance your existing mortgage or buy a new home, it’s important to stay informed and be proactive in managing your mortgage.
-
Reverse Mortgage8 months agoHow Reverse Loans Can Provide Financial Relief in Retirement
-
Mortgage Rates8 months agoComo puedo comprar una casa a crédito si no se nada?
-
Reverse Mortgage8 months agoThe Pros and Cons of Using a Reverse Mortgage for Retirement Planning
-
Mortgage Rates8 months agoNiro Loan App 2024 || Niro App Se Loan Kaise Le || New Loan App Best Instant Loan App Without Cibi
-
Reverse Mortgage8 months agoExploring the Myths and Realities of Reverse Mortgages for Seniors in 2024
-
Reverse Mortgage8 months agoUnlocking Your Home’s Value: Everything You Need to Know About HECM Loans
-
USDA Mortgage6 months agoMaking Your Dream of Country Living a Reality: FMHA Rural Home Loans in Focus
-
Reverse Mortgage8 months agoIs a HECM the Right Choice for You? Exploring the Pros and Cons