nCino’s chief marketing officer allegedly stole nearly $6 million from his former employers over eight years, using the money to fund a lavish lifestyle that included a $150,000 engagement ring and 150 flights, prosecutors said Monday.

Michael Collins was indicted Monday, accused of creating fake companies and employees to carry out the scheme. He pleaded not guilty to grand larceny and falsifying business records in Manhattan Supreme Court, the New York Post reported.

Manhattan District Attorney Alvin Bragg said in a statement on Monday that Collins “used his position as a marketing executive to embezzle nearly $6 million from two of his employers over the course of 8 years.”

Per the statement, Collins’s embezzlement took place between 2016 and 2024, according to court documents and statements made on the record. The statement claims he stole nearly $5 million while employed as the chief marketing officer of a financial education company.

In 2022, after Collins left that company without the alleged theft being detected, he later became the chief marketing and revenue officer for an education-technology company, where he allegedly stole nearly $1 million.

The statement included that Collins used two sham companies — Quattro Quadrati LLC and Regiondrivers LLC — to siphon money from his employers between March 2016 and April 2024, fabricating email addresses, phone numbers and bank accounts to make the scheme appear legitimate.

Collins went so far as to invent fake presidents and employees for the shell companies, created email accounts in their names and sent fabricated correspondence and invoices to colleagues. He also asked the incorporation service if his identity could be hidden from public records.

Collins’ LinkedIn profile shows that he was the chief marketing officer at the CFA Institute between 2016 and 2022 and a senior vice president for marketing and customer acquisition at education-focused publisher Pearson from 2022 to 2024. He has been with nCino since January 2025.

An nCino rep told HousingWire that Collins no longer works at the company. The company did not respond to additional questions.

Bragg alleged that Collins “used the stolen funds for executive club memberships, luxury brands, fine dining, and extensive travel and lodging, including over 150 flight tickets purchased during this period.” He added that the stolen funds went towards paying for a $150,000 engagement ring from a boutique jewelry store purchased directly from a Quattro Quadrati bank account.

James Kleimann contributed reporting.

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