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Pratt scam

Pratt staffer stole $270,000 from school: NYPD

The Brooklyn Paper

Cops arrested a Pratt Institute financial adviser on Monday after investigators accused her of stealing more than $270,000 from the college’s coffers since 2006.

Sharon McMillan, 48, a senior financial aid counselor, wrote more than 100 refund checks to random students, forged their signatures, and made deposits into her own bank account, police documents indicate.

She faces up to 15 years in the slammer for grand larceny, criminal possession of stolen property, and scheming to defraud, said a spokesman for the Brooklyn District Attorney.

“While it is disappointing to uncover such behavior, we are confident that the Institute is taking all appropriate actions to prevent anything similar from recurring,” said William Schmitz, Pratt’s director of safety and security.

A Pratt Institute spokeswoman said that the cash loss didn’t make much of a dent since the checks were issued over a six-year period.

The school discovered McMillan’s long-running scam after a coworker sniffed some fishy accounting. When investigators contacted students who were listed as payees, the pupils said they never received any checks.

McMillan confessed, according to police. School officials say she was immediately fired.

Reach Kate Briquelet at kbriquelet@cnglocal.com or by calling her at (718) 260-2511.

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Pratt Parent from Clinton Hill says:
A Pratt Institute spokeswoman said that the cash loss didn’t make much of a dent since the checks were issued over a six-year period.

Then I guess you wont miss my kids $250k worth of tuition, R&B and fees for 4 years if I dont make payments, then right?
March 30, 2012, 11:31 am
K. from ArKady says:
The hoodie is to the gangsta, as the CPA is to the banksta.
March 30, 2012, 12:43 pm
Eric from Hoboken says:
How many times is this going to happen at Pratt before they get their act together? Around '92-'93 some guy was arrested pretty much for the same scam. Finished paying my loans off, wife is still paying hers, perhaps that won't mind if she stops payment since it won't be missed?
March 30, 2012, 3:13 pm
John from Clinton Hill says:
As a current student, I can say this is not getting any better. They are so incompetent that rather than exercise some actual oversight, they have chosen to instead simply issue refunds to a Discover card. Ridiculous, and I hope every student takes the option to receive a check to force these lazy incompetent staffers to do their job.
Jan. 9, 2013, 9:23 am

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