Former NYU director of finance allegedly diverted $3.5 million intended for women- and minority-owned businesses and for other programs into bank accounts held by two shell companies she created, according to the Manhattan District Attorney's Office.
December 19, 2022, 12:22 PMA former New York University director of finance was charged Monday with orchestrating a six-year fraud.
Tappe is charged with money laundering, grand larceny, offering a false instrument and falsifying business records."Our multilingual learners and students with disabilities deserve top-notch services, and these funds should have gone directly to their schools," said Manhattan District Attorney Alvin Bragg.
Instead, according to the indictment, Tappe arranged for three certified minority- and women-owned business subcontractors to receive the overwhelming majority of the grants. NYU paid the three companies approximately $3.527 million to provide services related to the grants. To justify the payments, the companies submitted fictitious invoices drafted by Tappe and pasted on their letterhead, the indictment said.
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