And this one’s at already incredibly notorious Florida State University, run by a know-nothing politician, recent haunt of Jameis Winston, etc., etc., etc., etc. (For etc., etc., etc., etc., put Florida State University in my search engine.)
A federal grand jury handed down an indictment on embezzlement charges for former Florida State University finance professor James S. Doran on Thursday.
The indictment claims that between May 2010 and March 2011, 39-year-old Doran embezzled more than $650,000 in funds held by FSU while he was an assistant professor.
Says, somewhat mysteriously, he “embezzled FSU property valued at more than $5,000.” Given that he oversaw a student-run investment fund, UD‘s wondering if he pinched some of that, and/or helped himself to the classic objets of professor-desir (computers, cameras, anything of value that can be moved).
April 10th, 2015 at 10:33AM
Geez, back when I was an assistant professor, a requisition for $25.01 or more required the signature of a department chair and a dean; for $250.01 or more, those signatures, as well as the provost and the CFO; for $500.01 or more, the president’s signature as well.
I remember well feeling the surge of The Power when department chairs were allowed to spend up to $250 on their own signature about a decade ago.
April 10th, 2015 at 11:01AM
But, in any event, we can infer from his indictment that his own classical B-School education worked for him, except for the seminar on evading detection. Perhaps he was day trading during that course.
And while we’re on the subject of the woeful influence of B-Schools (existing in forms going way beyond criminal activities), don’t forget the fewer but proud B-School girls. I’m thinking of U. Va’s leadership and curricular flap, or apparent coup attempt, some years ago.
April 10th, 2015 at 11:02AM
Oops meant “on” evading detection.
April 11th, 2015 at 4:30PM
“Winston,” not “Wilson.”
April 11th, 2015 at 5:06PM
Derek: Thank you! I’ve fixed it. UD
April 12th, 2015 at 8:26AM
We’ve had multiple reported misappropriations at our local Podunk Tech. Low five-figure amounts. Ugly stuff. “White collar crime” doesn’t do justice to the trust- and morale-destroying character of this stuff.
April 12th, 2015 at 12:49PM
http://www.nytimes.com/2015/04/12/upshot/why-a-harvard-professor-has-mixed-feelings-when-students-take-jobs-in-finance.html