Clawbacks, UD has come to know, ‘ardly hever ‘appen (to quote Eliza Doolittle), but it’s fun to watch universities who could have danced all night with Bernard Madoff (Yeshiva U.) or Finn Caspersen (Harvard) studiously avoid looking at their dance card when the financial shit hits the fan.
Caspersen, who a few years ago committed suicide with the feds on his tail, was able to afford the largest contribution in the history of Harvard Law School by allegedly hiding in Liechtenstein a hundred million or so of the tax dollars he owed us.
As American taxpayers, we’re able to help struggling non-profits in not one but two ways: tax exemption and tax evasion. What a good feeling.
It’s even better to know that the next generation of Harvard-affiliated Caspersens features a son just arrested at LaGuardia Airport (Caspersens really don’t like facing up to consequences) for defrauding investors (including charities) of $95 million through fake investments.
Madoff’s father was also a white-collar criminal. These father and son white collar criminal stories are always touching. They always make UD think of those wonderful Philippe Patek watch ads.
March 29th, 2016 at 7:41AM
Like father, like son.