June 30, 2014
How One Investment Manager Gambled Away $13.1-Million of Her University’s Money
Lured by promises of quick returns, a midlevel administrator at Ball State University gambled on a series of risky investments. Unchecked and undetected by others, the decisions made by the former director of cash and investments resulted in the loss of $13.1-million of the university’s money.
How was Gale Prizevoits, the former director, who was earning $84,000 a year shortly before she was fired, able to sign off on questionable high-dollar contracts with no authorization from
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