Carmine Marino, 43, a former budget and finance director of City University of New York’s School of Professional Services (CUNY SPS), has been charged with embezzling funds from CUNY SPS.
Carmine Marino voluntarily surrendered to federal authorities this morning and will be presented this afternoon in Manhattan federal court. He is charged with one count of embezzlement and misappropriation from a program receiving federal funds, which carries a maximum penalty of 10 years in prison, and two counts of bank fraud, each of which carries a maximum penalty of 30 years in prison.
Acting U.S. Attorney Joon H. Kim said, “As alleged, the former budget and finance director at CUNY SPS abused his position of trust, taking money that belonged to New York City college students for his own benefit. I want to thank our partners at the New York State Inspector General and Department of Education Office of Inspector General for their work to root out corruption at federally assisted New York schools.”
New York State Inspector General Catherine Leahy Scott said, “This arrest involving federal fraud and embezzlement charges against a former top university official underscores CUNY’s lack of supervision and appropriate controls, which unfortunately has been a consistent theme in my investigation of the CUNY system. I thank Acting U.S. Attorney Kim for prosecuting the case, and I will continue to work with current CUNY leadership and use all of the resources of my office to restore the trust among the student and taxpayers at large and to protect the integrity of the institution.”
According to the allegations contained in the Complaint, Marino was in charge of finance and fiscal operations at CUNY SPS between 2007 and 2012. He controlled and oversaw CUNY SPS’s finances and bank accounts. Marino used his power over CUNY SPS’s finances to set up unauthorized bank accounts in CUNY SPS’s name, and to fund those accounts with money from CUNY SPS’s tuition account, among others.
The case is being prosecuted by the Office’s Public Corruption Unit. Assistant U.S. Attorney Eli J. Mark is in charge of the prosecution. The charges contained in the Complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.
Marino faces a maximum penalty of 40 years in prison. The maximum potential sentences in these cases are prescribed by Congress and are provided here for informational purposes only, as any sentencing of the defendant will be determined by a judge.
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Key Facts
- State: New York
- Category: Public Corruption|White Collar Crime
- Source: DOJ Press Release â†â€â€
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