A former finance director at New York University has pleaded guilty to orchestrating a fraud scheme exceeding $3.5 million, which authorities say funded lavish renovations to her home in Connecticut, including a $80,000 swimming pool. The scheme was intended to divert funds earmarked for minority- and women-owned businesses. Despite the scale of the fraud, she will serve no time in prison. In a separate case, Ariel Legassa, a former senior executive with the New England Sports Network, was convicted of defrauding the network of over $500,000 to support a lavish lifestyle and has been sentenced to over three years in federal prison.