Former NYU finance director indicted for alleged $3.5M fraud scheme
Cindy Tappe was charged with fraud Monday morning.
Bragg stated that students with disabilities and multilingual learners deserve top-notch services and that funds should have been directed to their schools. According to the indictment, Tappe was confronted in 2018 by an NYU program manager about payments made to MWBE subcontractors. The allegations were made by state DOE officials, who informed the Comptroller's Office. After an investigation, the Comptroller's Division of Investigations referred the case to Manhattan D.A. New York State Comptroller Thomas P. DiNapoli stated that Cindy Tappe diverted more than $660,000 from NYU's state funds to companies she controlled in order to finance a lavish lifestyle. Tappe's lawyer didn't respond immediately to a request for comment Monday.