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 MidHudsonNews.com,
television stations, newspapers or other media.
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
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
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.”