**Former CFA Institute CMO charged with embezzling $6M to fund luxury lifestyle**
Manhattan prosecutors allege Michael Collins, 61, stole millions from employers to splurge on club memberships, travel, and a $150K engagement ring.
**Ex-finance exec accused of embezzling $6M via fake companies, luxury spending spree**
Collins allegedly funneled stolen funds through shell companies while working for the CFA Institute and Pearson, prosecutors say.
**Finance exec’s lavish spending exposed: $150K ring, fine dining, and travel on stolen $6M**
The former CFA Institute CMO pleaded not guilty after allegedly using embezzled money for high-end purchases over eight years.
**CFA Institute ex-marketing chief faces charges in $6M embezzlement scheme**
Prosecutors say Collins spent stolen funds on luxury goods and a boutique engagement ring before landing a new CMO role.