Cindy Tappe, former NYU finance director, pleaded guilty to a $3.3M fraud scheme involving funds for minority and women-owned businesses.
Cindy Tappe, former NYU finance director, pleaded guilty to a $3.3M fraud scheme, diverting funds meant for minority and women-owned businesses to her own personal expenses, including home renovations. Tappe used her position at the Manhattan school to send funds to two shell companies she created. She faces five years of probation and $663k in restitution, with sentencing set for April 16.
February 27, 2024
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