April 4, 2011

Copyright © 2010 Mid-Hudson News Network, a division of Statewide News Network, Inc.
This story may not be reproduced in any form, by any media, without express written consent.
This includes rewriting, broadcasting and/or printing of material from,
by radio and television stations, newspapers or other media.


Former Vassar College employee, wife charged with stealing $1.9 million from school

Jennifer Fisher

Arthur Fisher

POUGHKEEPSIE – A former project manager at Vassar College in Poughkeepsie and his wife have been charged with stealing $1.9 million from the school. College officials discovered the missing money when they turned up financial irregularities in their business records concerning construction projects.

The investigation, conducted by Poughkeepsie Town Police, the Dutchess County District Attorney’s Office and the Westchester County Department of Public Safety, led to the arrests of former construction manager Arthur Fisher, 44, and his wife, Jennifer Fisher, 38, both of 12 Agate Avenue in Ossining.

Poughkeepsie Town Police alleged the couple set up a phony construction company and deposited the money in that company’s bank account. The US Postal Service also assisted in the investigation.


Seized guns and fake police badges and IDs

Both Fishers were charged with first-degree grand larceny and sent to the Dutchess County Jail. Arthur Fisher was remanded on 100,000 cash bail or $200,000 bond. Jennifer Fisher was remanded on $50,000 bail or $100,000 bond. The couple was arrested on Friday.

Poughkeepsie Town and Westchester police seized property as the result of a search warrant that included four late model BMWs and one Ford F150 truck, valued at about $500,000; three Rolex watches worth about $50,000; 10 unregistered handguns and one 223 cal. military style rifle; a number of fraudulent law enforcement identifications including FEMA, US Customs, FBI, ATF, NYPD and DEA. The IDs contained Arthur Fisher’s name and photograph.

Authorities also seized a number of fake law enforcement badges, including NYPD, US Marshals Service, FBI and DEA.

College spokesman Jeff Kosmacher said the school is taking “all available steps to recover” the stolen money. “In light of this discovery, the college is evaluating its financial and operating controls, and has already taken steps to enhance their effectiveness.”


HEAR today's news on, the Hudson Valley's only Internet radio news report.