Michael Collins, a former chief marketing officer for the CFA Institute and Pearson, has been charged with embezzling nearly $6 million from his employers. Prosecutors allege that he created two fictitious companies to submit false invoices for non-existent work, leading to the theft occurring over eight years. The funds were reportedly used to finance a lavish lifestyle, including luxury goods, fine dining, and exclusive club memberships. Collins has pleaded not guilty, challenging the charges brought forth by the Manhattan district attorney's office.
Collins allegedly registered two fictitious companies, submitting invoices for non-existent work, which he used to embezzle nearly $6 million from his employers.
The Manhattan District Attorney stated that Collins 'used his position as a marketing executive to embezzle nearly $6 million from two of his employers over the course of 8 years.'
Collins spent the illicit funds on a lavish lifestyle, including club memberships, luxury goods, fine dining, and extensive travel.
Despite the seriousness of the charges, Collins pleaded not guilty, maintaining his innocence amid the allegations of extensive embezzlement.
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