Mazzuto was arraigned in criminal court in New York City Aug. 11. Both men have been chargedwith conspiracy, grand larceny, fraud and falsifying business records in a 57-count indictment thatincludes stealing more than $60 million from their corporation and its investors. Vice President forDevelopment Inge Reichenbach said Wednesday that Yale has cooperated with the federalinvestigation.As the investgation continues, authorities may ask one former Yale employee to return stock heaccepted from Mazzuto. Bob Renck, the current CEO of IEAM, said Mazzuto gave at least one Yaleemployee illegal stock in August 2007, around the time he made his gift to the University’s baseballprogram. The stock was issued through the company’s employee stock option program to someonewho was not an IEAM employee, Renck said. Mazzuto and his associates frequently abused thisprogram to give money to their friends and take it for themselves, he said.Sources close to the investigation say the recipient is William Asermely ’93, a former assistantbaseball coach at Yale who worked extensively with Mazzuto to secure and design a use for hisdonation, as the recipient. Asermely did not respond to three calls seeking comment.Building a new indoor baseball facility was Asermely’s “brainchild,” according to a fall 2007 Yalebaseball newsletter. Though the indoor facility was never built, Asermely continued to play animportant role in the plans for an outdoor field.Asermely, who was in Pierson College and was captain of the baseball team when it won an IvyLeague championship in 1993, played for the Baltimore Orioles after graduating. He was promotedto associate head coach of the baseball team in January 2008, after eight years as an assistant coach.But he left Yale in the same year, and is now the director of the Providence, R.I.-based NortheastBaseball School, which holds baseball clinics and lessons for children and teenagers.J. Frederick Berg ’66, another Yale baseball donor and a friend of Asermely, said Asermely left Yaleto find another way of supporting his wife and newborn twin sons.“Bill’s a loyal Yale alumnus,” he said.Renck said some of the money missing from IEAM’s books is still unaccounted for, and he will notknow if more than one person affiliated with Yale received illegal cash or stock until he finishes hisinvestigation.Robinson declined to comment on whether Yale has conducted an investigation of its employeessince Mazzuto’s alleged fraud was uncovered to determine if any might have privately received stock from him. She also declined to comment on the circumstances of Asermely’s departure from theUniversity.
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