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College Of New Rochelle Controller Sentenced, Must Repay Millions For Fraud
The former controller at the College of New Rochelle will spend time behind bars and repay millions after admitting to doctoring the school’s books by nearly $34 million dollars, forcing the 115-year-old institution to close its doors.
Keith Borge, 62, of Valley Cottage, has been sentenced to three years in prison, $25,000 in fines and will pay restitution that reaches as much as $13.2 million after pleading guilty securities fraud and failure to pay $20.4 million in payroll taxes.
As part of the plea, Borge, a resident of Valley Cottage in Rockland County, admitted to filing fina…
