PROVIDENCE – Rhode Island State Police arrested the previous CFO of an alternate faculty in September. 20 on prices of embezzling $3 million for private use.
Nathan Kaufman, 35, was director of finance and operations for the City Collaborative Accelerated Program earlier than leaving faculty in June. He was charged with embezzlement and laptop entry for fraudulent functions and appeared in Windfall District Court docket. He was launched on $15,000 bail.
In August, faculty officers reported monetary irregularities to the state police. In response to the state police, the investigation revealed that $3 million of the college’s funds have been transferred to a non-public account.
In his position, Kaufman had entry to all the faculty’s funds. The investigation established that he transferred funds to the account for private wants.
Kaufman’s subsequent scheduled court docket look is scheduled for January. 4.
The Accelerated Metropolis Cooperation Program opened in 1989 and serves college students prone to dropout in Windfall, Central Falls, and Cranston.
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