Prosecutors say the CFA Institute's former marketing chief embezzled millions and bought a $150k engagement ring

Source: Business Insider

The Manhattan district attorney's office said Michael Collins, 61, used the funds he stole to buy a $150,000 engagement ring from a boutique jewelry store (not pictured). Anastasia Babenko via Getty ImagesMichael Collins, 61, was a marketing executive at the CFA Institute and Pearson from 2016 to 2024. The Manhattan district attorney's office said he embezzled nearly $6 million from his employers.