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OIG: Office of Inspector General
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Investigation Report

United States Attorney
Southern District of New York


FOR IMMEDIATE RELEASE
DECEMBER 9, 2010

CONTACT: U.S. ATTORNEY’S OFFICE
ELLEN DAVIS,
EDELI RIVERA,
JESSIE ERWIN
PUBLIC INFORMATION OFFICE
(212) 637-2600

DOE OIG
CATHERINE GRANT
PUBLIC INFORMATION OFFICE
202- 245-7023

Manhattan U.S. Attorney Charges Former Iona College Vice President of Finance with Embezzlement of Over $1.2 Million

PREET BHARARA, the United States Attorney for theSouthern District of New York, and BRIAN HICKEY, the SpecialAgent-in-Charge of the Northeast Region of the U.S. Department ofEducation, Office of the Inspector General, announced today thearrest of MARIE E. THORNTON, the former Vice President of Financefor Iona College, on charges of embezzling more than $1.2 millionfrom Iona College over the course of a ten-year time period.THORNTON surrendered this morning and was presented in Manhattanfederal court today.

As alleged in the Information filed in Manhattanfederal court:

From about 1999 to about May 2009, THORNTON caused morethan $1.2 million belonging to Iona College to be diverted to herpersonal use by, among other things, submitting false vendorinvoices for reimbursement to Iona College and submitting creditcard bills for personal expenses to be paid by Iona College.

Mr. BHARARA praised the investigative work of the U.S.Department of Education, Office of Inspector General.

The case is being prosecuted by the Office’s PublicCorruption Unit. Assistant U.S. Attorney CARRIE H. COHEN is incharge of the prosecution.

The charges in the Information are merely accusations,and the defendant is presumed innocent unless and until provenguilty.

10-386

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Last Modified: 02/17/2011