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"[I] don’t see many job or grad school applications from University of Waikato, but I’ll sure not trust a transcript or diploma from that institution ... who knows what it might mean?” --perplexed
Neo-Nazi Gets University to Pull Master's Thesis on His Views
Hurricane Ike Caused $710-Million in Damage to University in Texas, Official Says
As many as one-third of the 12,000 employees of the University of Texas Medical Branch, in Galveston, face layoffs.
Higher-Education Groups Want to Watch Over IRS's Questionnaire for Colleges
The associations are urging each college that receives a copy of the questionnaire to share its responses, in confidence.
U. of Missouri Says Classroom Photo of Obama Violates Ban on Political Advocacy
In another controversy over campus policies for displays of political advocacy, the University of Missouri at St. Louis excised a photo of Barack Obama from a classroom poster.
Georgia Proposes Merging Technical Colleges
As the state budget picture worsens, leaders of Georgia’s technical-college system are proposing consolidating 14 colleges to save money.
Bus Carrying Thai Students and Faculty Members Crashes, Killing at Least 21
Students on a field trip to the coast were killed when their bus went over an embankment.
Palin Attended 4 Colleges in 5 Years to Earn Diploma | 206
Priest Charged With Dealing Drugs out of U. of Illinois Student Center | 56
University Disciplines 4 Students for Hanging Effigy of Barack Obama | 53
Southern Cal Deletes Muslim Scripture From Web Site Following Complaint | 44
Cutthroat Competition for Textbook Sales Pits UMass Faculty Members Against Bookstore | 42
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February 5, 2008
Charleston Southern U. Will Pay $3.9-Million to Settle Charges Tied to Former Professor
Charleston Southern University has agreed to pay nearly $4-million to settle allegations that it helped a former economics professor swindle investors out of more than $90-million, the Associated Press reported, citing documents filed today in the U.S. District Court in Charleston, S.C.
The professor, Albert E. Parish Jr., pleaded guilty in October and is awaiting sentencing on federal charges of fraud and lying to investigators.
The settlement, if it is approved by a federal judge, would protect Charleston Southern from further lawsuits as a result of its association with Mr. Parish, a lawyer involved in the proceedings told the AP. The university, which itself has claimed a loss of $8.4-million that it invested with the professor, would waive its claim to damages unless other investors received at least 18 percent of what they had invested, the lawyer said.
Most of the $3.9-million that Charleston Southern has agreed to pay is covered by insurance, leaving $160,000 to be paid out of cash reserves, according to the AP. University officials declined to comment on the agreement, but have denied knowing of any fraudulent activities by the professor. —Charles Huckabee
Posted on Tuesday February 5, 2008 | Permalink |Comments
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The university invested its endowment with one of its employees???? Isn’t this why conflict of interest rules exist? What planet is this university on?
— marci Feb 6, 11:31 AM #
It is not certain that there was a conflict of interst: may be the university interest was the fraud, who knows?
— Michael Pyshnov Feb 6, 12:35 PM #