OIG Investigative Reports, New York, NY., March 09, 2011 - Former Iona College Vice President of Finance Pleads Guilty in Manhattan Federal Count to Embezzlement Skip to main contentAbout UsContact UsFAQs Language Assistance Englishespañol中文: 繁體版Việt-ngữ한국어TagalogРусский U.S. Department of Education Search for: Toggle navigation U.S. Department of Education Student Loans Grants Laws Data About ED OFFICES Home Reports & Resources Programs/Initiatives News Office Contacts Investigation Report United States Attorney Southern District of New York FOR IMMEDIATE RELEASE MARCH 09, 2011 CONTACT: U.S. ATTORNEYS OFFICE ELLEN DAVIS, CARLY SULLIVAN, JERIKA RICHARDSON, EDELI RIVERA PUBLIC INFORMATION OFFICE (212) 637-2600 FORMER IONA COLLEGE VICE PRESIDENT OF FINANCE PLEADS GUILTY IN MANHATTAN FEDERAL COURT TO EMBEZZLEMENT PREET BHARARA, the United States Attorney for the Southern District of New York, announced that MARIE E. THORNTON, the former Vice President of Finance for Iona College, pled guilty today for embezzling more than $850,000 from the college. THORNTON pled guilty before U.S. Magistrate Judge KEVIN N. FOX Manhattan U.S. Attorney PREET BHARARA said: "This is a classic case of the fox guarding the hen house. Marie Thornton was entrusted with the financial well-being of Iona College, but instead, she abused her access to cook the books and line her own pockets." As alleged in the Information filed in Manhattan federal court today: From 1999 up to May 2009, THORNTON caused more than $850,000 belonging to Iona College to be diverted to her personal use by, among other things, submitting false vendor invoices for reimbursement to Iona College and submitting credit card bills for personal expenses to be paid by Iona College. THORNTON, 63, pled guilty to embezzlement from an organization that receives federal funds, which carries a maximum sentence of ten years in prison and a maximum fine of $250,000, or twice the gross gain or loss from the offense. The Information also seeks forfeiture of all proceeds of the offense. THORNTON is scheduled to be sentenced before the Honorable KIMBA M. WOOD on May 13, 2011. Mr. BHARARA praised the efforts and the assistance of the U.S. Department of Education, Office of the Inspector General. The case is being handled by the Office’s Public Corruption Unit. Assistant U.S. Attorney CARRIE H. COHEN is in charge of the prosecution. 11-069 ### Top Printable view Last Modified: 06/03/2011 How Do I Find... Student loans, forgiveness College accreditation No Child Left Behind FERPA FAFSA 1098-E Tax Form 2015 Budget Proposal More > Information About... Transforming Teaching Family and Community Engagement Early Learning K-12 Reforms More > Connect Facebook Twitter YouTube Email RSS Google+ More > MISUSED FOIA OIG Fraud Hotline Our mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. Student Loans Repaying Loans Defaulted Loans Loan Forgiveness Loan Servicers Grants & Programs Apply for Pell Grants Grants Forecast Open Grant Competitions Find Grant Programs by Eligibility Laws & Guidance No Child Left Behind FERPA Civil Rights Data & Research Education Statistics Postsecondary Education Data State Education Data Nation's Report Card What Works Clearinghouse About Us Contact Us ED Offices Jobs News FAQs Budget, Performance Notices FOIAPrivacySecurityInformation qualityInspector GeneralWhitehouse.govUSA.govBenefits.govRegulations.gov
Former Iona College Vice President of Finance Pleads Guilty in Manhattan Federal Count to Embezzlement. New York, NY., March 09, 2011
Published by the Department of Education, Office of Inspector General on 2011-03-09.
Below is a raw (and likely hideous) rendition of the original report.