“I’m like a smart person. I went to the Wharton School of finance.”

Missed a chance to mention the most impressive thing of all: He founded a university.

How Philanthropy Happens.

One of the [restaurants] that will be purchasing [a new beer named, in honor of Donald Trump, “Chinga Tu Pelo” or, in English, “Fuck Your Hair”] is Gino’s East Pizza Joint, [which] will then donate all proceeds from the sale of the beer to the International Latino Cultural Center of Chicago.

“University.” “Fake.” “So-Called.” This has gotta hurt.

It was the university as cult of personality, the first American university where the founder’s face took up more room on its logo than the heraldic shield. It was the university Benito Mussolini would have founded if he’d been allowed to retire rather than been executed by firing squad and hung upside down in a public square. And now to be reduced to this… Its very identity as university poked at, questioned, ridiculed…

Trump Must Disclose Profits From His ‘University’ in RICO Lawsuit


Donald Trump must disclose how much money he made from his so-called Trump University …


Donald Trump must disclose how much money he made from Trump University, in the discovery phase of a RICO class action accusing him of defrauding students of millions of dollars, a federal judge ruled. U.S. District Judge Gonzalo Curiel [Uh-oh: Curiel’s a “longtime member of the National Hispanic Bar Association.“] on Tuesday ruled that Trump’s financial transactions involving Trump University are relevant to lead plaintiff Art Cohen’s claims.

UD’s Canadian Friend Jack Sends her News of the Death of…

… Arthur Porter, who died resisting extradition to Canada to stand trial for one of the biggest university-related thefts in history. As head of the McGill University Health Centre, he initiated construction of

a $1.4-billion mega-hospital.

Within a year, news broke that $22.5 million in kickbacks had been paid by the winning contractor, SNC-Lavalin.

Police have alleged that Porter received $11.25 million in secret commissions for rigging the hospital contract in SNC-Lavalin’s favour.

It’s a pity Porter’s trial will not happen. It would be good to know how far the culture of crime extended (extends?) at McGill.

Because that’s where the money is.

Ian Buruma:

Western businessmen, architects, artists, university presidents and museum directors – or anyone who needs large amounts of cash to fund their expensive projects – now have to deal with non-Western autocrats… [P]andering to authoritarian regimes and opaque business interests is not a wholesome enterprise. The contemporary alliance of Western interests – in the arts and higher education no less than in sports – with rich, undemocratic powers involves compromises that might easily damage established reputations.

One way to deflect the attention is to borrow the old anti-imperialist rhetoric of the left. Dealing with despots and shady tycoons is no longer venal, but noble. Selling the franchise of a university or a museum to a Gulf state, building yet another enormous stadium in China or making a fortune out of soccer favours to Russia or Qatar, is progressive, anti-racist and a triumph of global fraternity and universal values.


One Swiss lawmaker calling for [Swiss non-profit laws] reform has noted contemptuously that that a multibillion-dollar global organization like FIFA “still has the same status as a Swiss mountain village yodeling association.

Those who…

sell their universities to corporations run serious risks.

“These days … medical research is not just a scholarly affair. It is also a global, multibillion-dollar business enterprise, powered by the pharmaceutical and medical-device industries. The ethical problem today is not merely that these corporations have plenty of money to grease the wheels of university research. It’s also that researchers themselves are often given powerful financial incentives to do unethical things: pressure vulnerable subjects to enroll in studies, fudge diagnoses to recruit otherwise ineligible subjects and keep subjects in studies even when they are doing poorly.”

UD‘s pal Carl Elliott tells all in a New York Times opinion piece.

“Inviting armed rival gangs to a place where alcohol is served is not only unwise, it is reckless.”

Nah. Just the free market doing its thing.

Greed and Irritability Aren’t a Very Attractive Combination…

… and when they’re exhibited by the president of a university so icky it’s lately being called not the U of L (we’re talking about the University of Louisville), but the U of Smell, the effect is doubly unattractive. Sports- and felon-factory Louisville (put Louisville in my search engine) always makes sure its inept administrative staff is highly paid, and some of the trustees have asked for details about the sources of their salaries and perks – in particular, the board would like to know more about a campus foundation that seems to specialize in directing vast deferred compensations at the president and other execs.

The president’s response to this request is to “lash out,” publicly, at the trustees, and accuse them of not trusting him.

Which is weird, eh? The whole point is that the trustees don’t trust him; that’s why they want an audit of the foundation (which he also heads). UD doesn’t think the president’s best move, faced with trustees who don’t trust him, is to get all hurt and angry and accuse them of not trusting him. A better approach would be for the president to

1. grasp that the trustees don’t trust him, and

2. do something to gain their trust.

“Despite his age, Mr Shor has already notched up some significant achievements.”

You can say that again! The president of ORT Moldova (a charitable educational organization) stands accused of having stolen one eighth of that country’s gross domestic product.

The University of Louisville Becomes Prudent at this Juncture.

Is this parody of a university actually parodying a parody? Are they aware of Dana Carvey’s famous wouldn’t be prudent at this juncture parody of George Herbert Walker Bush? Having been forced by a lawsuit to release the most recent auditor’s report of their crime-ridden money pit, UL says this:

Settling the lawsuit at this juncture is the prudent course of action for the University.

Much as UD would love it if university spokesperson Mark Hebert turned out to be doing a conscious parody of a parody, she figures he’s simply unaware that the hilarious formulation he’s chosen with which to cover his school’s ass has already been made notorious.


How do you leach millions from a university?

Gotta get you a bank account.

As part of its examination, [the auditor] tried to determine how many bank accounts existed in the name of University of Louisville, University of Louisville Physicians or any derivative. The firm requested information from all banks in a 50-mile radius. The university provided a list of 11 authorized accounts at PNC Bank, as well as one account in the name of the University of Louisville Athletic Association.

The firm ultimately found more than 20 additional bank accounts linked in some manner to U of L. They include accounts for the German Club, the U of L Sports Administration Club, U of L Parking, and more.

[The firm] also learned of several accounts linked to University Medical Associates, the previous incarnation of University of Louisville Physicians. However, Fifth Third Bank told [auditors] that they were unaware of any accounts in the name of the university.

The auditing firm later found additional accounts linked to previous entities tied to University of Louisville Physicians, according to the report.

Forging Ahead

Monika Juneja, who rose to become deputy leader of the Conservative group at Guildford Borough Council…
pleaded guilty at the Old Bailey to three counts of forgery dating back to 2000, obtaining pecuniary advantage by deception, and a charge of “wilfully pretending to be a barrister” between January 2010 and May 2014.

As in many of these cases, she seems to have spent a good deal of her non-working time forging academic papers – degrees, certificates, approvals… A fraudster’s work is never done until she – or he, like Michael Martoma – has to go to jail.

“Computer Science and Engineering Professor Jun-Hong Cui, a former assistant dean for graduate studies and diversity, and Professor Zhijie Shi, requested approval of those purchases. But they also are two principals of Aquatic Sensor Network Technology, according to the auditors.”

Sure, Beware the B-School Boys; but as UD has often noted on this blog, your engineering school features a scam so smooth, so consistent, so reliable, that it’s positively… engineered.

You know the ol’ diddle me once routine; yet virtually every university equipped with engineering professors seems eager to be taken again and again by the time-honored get-rich-off-your-grant-by-setting-up-a-business-and-shunting-the-grant-funds-to-it. U Conn even let Cui and Shi (apparently there are yet more professors in their department who will be named; similar last names to Cui and Shi will almost certainly mean a UD limerick) start their business on campus, giving them all sorts of university perks and inducements to do so. The guys and gals then turned around and allegedly stole NSF grant money – large quantities of it – by having that money go to their company.

Not only were the purchases initiated by UConn faculty “who had a significant interest in AquaSeNT,” but two of the purchase requisitions they signed indicated, “I have no financial or other beneficial interest in the vendor,” the auditors wrote.

OTOH, there’s a simple explanation here. The guys and gals say they didn’t read the conflict of interest language in the grant before signing off on it. I mean, if they’d known… (You will know this as the George Costanza Move.) Plus they were pressed for time and all.

U Conn’s in deep doodoo too, because they didn’t inform the State Auditors office of the NSF investigation. I guess U Conn’s been pressed for time as well.

Russkies Have Balls.

Good thing they’re too weak at the moment to come after us. They’re really good.

Moscow police arrested the director of a BVI registered foreign company who allegedly used forged documents to embezzle over 1.28 billion rubles ($23 million) from the Atom Research Training Center for New Technologies and Materials, a Moscow-based subsidiary of state owned Rostec.

[T]he suspect and his accomplices forged a promissory note dated February 8, 2012 that said a state owned research center had assumed the financial liability of the … company in the amount of 1.28 billion rubles.

… Later, the suspect evidently found a notary who assisted him in creating a payment request for the research center. After the research center refused to pay, the notary prepared a deed of protest to take the dispute to court.

It’s the “take the dispute to court” thing that gets me. American fraudsters, having been refused payment, would almost certainly not draft a deed of protest and go to court. That’s the sort of brash, high-risk move from which stateside swindlers would shrink. Our guys would be unwilling to go all the way.

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