Tuesday, November 30, 2010

New York Man Charged With Embezzling $4.5 Million From Columbia University

George Castro, 48, of the Bronx, New York, has been arrested and charged with misappropriating some $4.4 million from Columbia University. According to authorities, Castro added a TD Bank account he controlled to Columbia's authorized electronic payment system and received $3.4 million in October and another $1 million in November. His relationship with the university is unclear at this time. However, the account he controlled was under the name IT Security Solutions LLC.


Read the story here and here.

Hat tip: Reader Joe.

No comments: