A former executive with CUNY's School of Professional Services has been charged with embezzling thousands of dollars from the school system by setting up fake bank accounts with the appearance of a connection to CUNY, federal prosecutors announced in a statement this week.
Acting U.S. Attorney for the Southern District Joon H. Kim announced in a press release that Carmine Marino, a former budget and finance director of CUNY's School of Professional Services, had been arrested and charged with embezzlement and misappropriation from a program receiving federal funds, and bank fraud, for allegedly stealing money that was supposed to go towards CUNY for tuition and fees.
According to prosecutors, Marino allegedly set up two bank accounts in 2008 and 2011 under CUNY's name. Marino would then allegedly write checks that withdrew money from legitimate CUNY bank accounts and the deposited money into the accounts he opened and controlled, making the deposits look like official CUNY business.
"This arrest involving federal fraud and embezzlement charges against a former top university official underscores CUNY’s lack of supervision and appropriate controls, which unfortunately has been a consistent theme in my investigation of the CUNY system," New York State Inspector General Catherine Leahy Scott said, making reference to the resignation of former City College president Lisa Coico after a federal investigation into her alleged mismanagement of school funds.