Former QU Engineering and Business Professor Charged With Over $ 1 Million In Wire Fraud – The Quinnipiac Chronicle

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Former Quinnipiac University professor and Carlton Highsmith Chair of Innovation and Entrepreneurship Norman Gray is accused of defrauding an investor of over $ 1 million, according to federal prosecutors.

Gray, who worked at Quinnipiac until 2018, was arrested on Nov. 30 by agents from the Department of Homeland Security and charged with wire fraud, according to a charge from the United States Attorney’s Office for the Southern District of New York. If convicted, Gray faces up to 20 years in prison.

The US attorney’s office said that as of August 2020, Gray, CEO of a global biomedical company based in Hamden, convinced an investor to transfer more than $ 1.2 million to him for a 2% stake. in his company as well as the distribution of personal protective equipment to local universities. He promised the investor a salaried position as “investment manager” of the company.

Gray reportedly spent the money on operating expenses and unrelated business products and services, such as the cash purchase of a $ 50,000 luxury SUV. Additionally, Gray allegedly started a bogus mortgage company and posed as a bogus mortgage broker to offer the investor a mortgage as an additional return on their investment.

“(Gray) allegedly prompted his victim investor to entrust Gray over $ 1.2 million by claiming that the risk involved in their investment transactions (in personal protective equipment) was ‘virtually nil’,” the US Attorney Damian Williams. “But in reality the transactions would be fictitious and any chance of making a profit from Gray’s investments was virtually nil.”

Associate Vice President of Public Relations John Morgan confirmed Gray was employed at Quinnipiac until 2018, but declined to comment further, saying the university does not discuss former employees.

Based on a 2015 Publish On the School of Business’s website, Gray is a “biomedical scientist with 30 years of executive management experience in a wide range of healthcare disciplines.” He taught undergraduate engineering and entrepreneurship students while at Quinnipiac.

Gray was also the Carlton Highsmith Chair of Innovation and Entrepreneurship, which was established in 2012 by Vice Chairman of the Board Carlton Highsmith. In this role, Gray was responsible for overseeing the university’s Innovation Center and partnering with the Connecticut Center for Arts and Technology.


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