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ABC News

Former New York University finance director charged with orchestrating fraud

A former New York University director of finance was charged Monday with orchestrating a six-year fraud. Cindy Tappe, 57, 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 and then used the money to pay personal and luxury expenses, including renovations to her Westport, Connecticut, home, according to the Manhattan District Attorney’s Office. Tappe is charged with money laundering, grand larceny, offering a false instrument and falsifying business records.

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