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A former senior finance official with the City University of New York was arrested on Friday and charged with embezzlement and fraud, accused of siphoning about $81,000 from student tuition accounts, federal and state investigators said.

The official, Carmine Marino, held several positions at CUNY, the nation’s largest public urban university, including director of fiscal and business operations at its School of Professional Studies, which caters to working students who take classes part-time toward undergraduate and graduate degrees. After questions arose internally about Mr. Marino’s handling of the accounts, according to the authorities, he was forced to resign in 2013. He had been working in a similar position at the University of California at Los Angeles.

Mr. Marino, 43, surrendered Friday morning and appeared before a federal magistrate judge in Manhattan. The charges were announced by the United States attorney for the Southern District of New York, the New York State inspector general and the federal Education Department’s office of the inspector general...

In a statement, Jane Sovern, CUNY’s interim general counsel and vice chancellor for legal affairs, noted that the university had first noticed the misconduct, which led to Mr. Marino being dismissed from his last position, at the City College of New York, and Mr. Marino was then “barred from any future employment with CUNY.”

Mr. Marino was eventually hired at U.C.L.A.’s corporate financial services department. In a statement, Kathryn Kranhold, an associate vice chancellor at U.C.L.A., said that Mr. Marino had been placed on “investigatory leave” and that school officials had “begun an internal review of Mr. Marino’s actions as senior director of business and finance services.”

Full story at https://www.nytimes.com/2017/04/07/nyregion/carmine-marino-a-former-cuny-official-is-accused-of-stealing-81000-from-tuition-accounts.html

What will they discover? Only time will TELL: