Bronx man stole $5 milllion from Columbia University: DA
A Bronx man was indicted yesterday for allegedly siphoning nearly $5 million from Columbia University into a bogus account ironically called “IT Security Solutions.”
George Castro, 48, was arrested last Wednesday, two days after a Columbia official told the Manhattan district attorney’s office that millions of dollars were being routed into an unfamiliar bank account, according to a DA spokeswoman.
By Wednesday, investigators had zeroed in on Castro, the account’s signatory, and paid him a visit.
“He had $200,000 in a bag and a brand new car (an $80,000 Audi) parked in front of his house,” which were seized, said the source.
Castro was indicted yesterday on charges of grand larceny and criminal possession of stolen property. Bail was set at $2 million, which Castro has not yet made, said his attorney, David Fisher.
Castro is expected to be arraigned in two weeks and will plead not guilty, Fisher said.
According to the criminal complaint, Castro told an investigator that the money “just appeared” in his account.