An elite medical school falls victim to an unexceptional scheme

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(00:00) - A Suspicious Late Night at Work
(00:54) - Welcome to Oh My Fraud
(03:50) - Meet Jamie Patron: The Fraudster
(05:09) - Understanding Procurement and Its Loopholes
(07:48) - The Investigation Begins
(09:04) - The FBI's Findings and Jamie's Arrest
(17:15) - Jamie Patron's Lavish Lifestyle
(22:29) - Lessons Learned from the Fraud
(36:53) - Similar Cases and Final Thoughts
(42:23) - Wrap Up and Where to Reach Us

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Sources:

Complaint [PACER Search, Case #3:22-cr-00061-VDO, Sept. 2, 2021]
Information: United States v. Jamie Petrone, [PACER Search, Case #3:22-cr-00061-VDO, March 28, 2022]
Yale Med School Employee Charged with Stealing and Selling Millions of Dollars in Computer Hardware [DOJ]
An administrator at Yale’s medical school is accused of stealing and reselling millions of dollars of computer equipment [Hartford Courant]
An administrator at Yale Medical School admits stealing and reselling tens of millions of dollars of school computer equipment [Hartford Courant]
Former Yale Med School Employee Pleads Guilty, Admits Stealing and Selling $40 Million in Electronics [DOJ]
Former Yale Official Admits to $40 Million Fraud Scheme [NYT]
Former Yale Med School Employee Who Stole $40 Million in Electronics Sentenced to 9 Years in Prison [DOJ]

Mad Money w/Jim Cramer 07/09/19