Ex-NYU Director Charged with Blowing $3 Mil In State Funds

An ex-director of finance at New York University has been put on leave from her new job at Yale, after being indicted Monday for embezzling millions in funding for the Manhattan school on personal expenses - including an $80,000 swimming pool.

Over the course of six years, prosecutors say that 57-year-old Cindy Tappe used her senior role at the university to funnel more than $3.4million in grant money intended to fund minority- and women-owned businesses into shell companies she created.

Tappe - who left her gig as director of finance in 2018 when her alleged scheme was uncovered - has since started work as an operations manager at the Yale's School of Medicine, but was suspended Monday after staffers learned of the charges.

Appearing handcuffed in court, Tappe pleaded not guilty to using the stolen money to fund what prosecutors labeled a 'lavish lifestyle', with at at least $660,000 in renovations to her sprawling Connecticuthome, and the aforementioned pool. 

Billed as having 'excellence in the Comprehensive knowledge of financial and grants and has effective leadership and team-building skills' on the Yale website, Tappe faces six counts of money laundering, grand larceny, and fraud for the alleged six-year scheme, and was released Monday without bail. 

A spokesperson for Yale  - situated in New Haven, not far from Tappe's two-acre, multimillion-dollar property in Westport - confirmed Tuesday that 'Ms. Tappe has been placed on leave,' but would not specify whether that leave was paid or not.

The elite school - which employed Tappe as an operations manager in 2018 despite staffers at NYU at that point uncovering her alleged misdeeds - insisted in a statement Tuesday that Tappe was vetted before being hired.