Sign in to comment!

Menu
Home

Education

Four men convicted in $6 million theft from Columbia University

Four men have been convicted in a computer-savvy scheme to steal almost $6 million from Columbia University by tampering with its bill-payment system.

Jurors delivered their verdict Tuesday against George Castro, Jeremy Dieudonne, Joseph Pineras, and Walter Stephens Jr.

The Manhattan district attorney's office says the scam entailed manipulating Columbia's vendor-payment system to siphon off money that was meant for a hospital.

Prosecutors say the money was diverted into a bank account held by Castro's information technology business. Some cash later went into accounts held by Dieudonne and Stephens.

Pineras worked in Columbia's finance department. Prosecutors say he got about $10,000 for aiding the scheme.

The defense said the men didn't realize money was being stolen. Some defendants pinned blame on a fifth man who testified against them.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.23% up 4.19%  
15 Y Fixed Graph 3.26% dw 3.27%  
30 Y Fixed Jumbo Graph 4.62% dw 4.64%  
5/1 ARM Graph 3.70% up 3.38%  
5/1 Jumbo ARM Graph 4.07% up 4.01%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.29% -- 4.29%  
$50K HELOC Graph 4.04% -- 4.04%  
$30K Loan Graph 5.09% up 5.08%  
$50K Loan Graph 4.52% -- 4.52%  
$75K Loan Graph 4.52% -- 4.52%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.93% -- 2.93%  
36 M Used Graph 3.46% dw 3.47%  
48 M New Graph 3.22% -- 3.22%  
48 M Used Graph 2.99% up 2.98%  
60 M New Graph 3.24% -- 3.24%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% -- 0.35%  
1 yr Graph 0.69% up 0.68%  
5 yr Graph 1.39% -- 1.39%