Former director of finance accused of stealing $3M from Providence based school program
PROVIDENCE, R.I. (WLNE) — A Providence man is facing charges after state police said he stole up to $3 million from a collaborative school based in Providence.
Nathan Kaufman, 35, was charged with embezzlement and access to a computer for fraudulent purposes.
According to Rhode Island State Police, detectives were contacted in August after staff from the Urban Collaborative Accelerated Program in Providence reported financial irregularities.
Police said an investigation showed that $3 million were diverted from UCAP funds to a private account.
Authorities said that Kaufman served as UCAP’s director of finance and operations from 2011 to June of 2022, and that police accused Kaufman of transferring the funds into a personal account for his use.
Kaufman was arraigned Tuesday and released after posting $1500 bail. He is next scheduled to appear in court Jan 4.