UVA Professor Investigated for Misuse of Public Assets
A University of Virginia professor is under investigation. Police believe Paul Allaire may have cheated the university out of $1 million.
Allaire has not been charged or arrested and UVA says he is still employed as a professor. But police say he used his high-ranking role to funnel the money his way.
At the center of the misuse of public assets investigation, Allaire had nothing to say about a slew of allegations against him.
Over the past decade, police believe Allaire used his role as the director of UVA's Rotating Machinery and Controls Laboratory to make the financial gains. Court documents indicate the discrepancy was discovered during an internal audit.
Police say the misuse happened when Allaire channeled business through his "one-man consulting firm" based in the basement of his Ivy house. Investigators say the firm was a shell company and Allaire used UVA equipment to perform the work.
Police use an email example to highlight how they say Allaire cheated his employer. Talking to one prospect, Allaire said, "a deal for you as I do not charge overhead. UVA wants 54 percent of direct cost for research projects."