Miami Mortgage News

Former UM finance director pleads guilty to tax evasion; audit reveals she embezzled millions

A former University of Miami director of finance pleaded guilty to tax evasion charges related to her failure to report $2.3 million she embezzled from the university, the U.S. Attorney’s Office for the Southern District of Florida announced Wednesday.
Kimberly Jean Miller pleaded guilty to four counts of tax evasion Tuesday, according to a court record. Her attorney could not be reached for comment.
The University of Miami said in an email that it "does not comment on personnel matters."
Miller was the director of finance at UM’s Virginia Key-based Rosenstiel School of Marine and Atmospheric Science between 2002 until 2012, according to a court document. In her former role, she used her position to embezzle $2.3 million from the university by falsifying invoices from vendor International Assets, according to a court document.The scheme centered on International Asset invoices. Miller altered the name on the invoices so checks would be written to “Inter, Inc.” and then be returned to RSMAS. Miller would then deposit the checks into a business bank account she opened in 1993 for Intercontinental Oceans Inc., according to a court document.
Miller failed to report the funds from the embezzlement scheme to the Internal Revenue Service, according to the U.S. Attorney’s Office. An internal RSMAS audit revealed that Miller had embezzled about $2.3 million over the course of a decade.
Her sentencing is scheduled for August. Miller was charged by information, which normally precedes a plea agreement, in March.