Michael Collins, a former marketing executive at CFA Institute and Pearson, has been charged by the Manhattan district attorney with embezzling close to $6 million. Authorities allege he created fake companies to submit invoices for work that never occurred, using the funds for luxury purchases, including club memberships and fine dining. Collins held significant positions within both organizations between 2016 and 2024, and while he has pleaded not guilty, the charge highlights significant financial misconduct in a prominent role within the finance and education sectors.
Collins allegedly used the stolen money to fund his lavish lifestyle, spending it on executive club memberships, luxury brands, fine dining, and extensive travel.
Michael Collins, 61, used his position as a marketing executive to embezzle nearly $6 million from two of his employers over the course of 8 years.
Prosecutors said he created two fictitious companies to submit invoices for 'non-existent work'.
Collins was the chief marketing officer at the CFA Institute from 2016 to 2022 and a senior vice president for marketing at Pearson.
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