Man Accused of $5.7 Million Columbia University Theft

Source: businessweek.co Posted By: Len W...5092 days ago

A Bronx, New York, man was indicted on charges of stealing $5.7 million from Columbia University by redirecting payments intended for a hospital.

George Castro, 48, in October and November sent 56 Columbia payments for New York Presbyterian Hospital to a TD Bank account registered in the name of a company he formed, Manhattan District Attorney Cyrus R. Vance Jr. said today in a statement. Castro allegedly distributed the money to bank accounts in his name, sent money to family and friends, and....

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