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ANOTHER feather in Wharton’s cap!

The Wharton School of Business. UD has lost count of how many graduates, just this year, have been indicted for incredibly high-level fraud.

[Craig] Toll … [is] charged with defrauding … investors out of $40 million, and scamming the federal government out of … $10 million [he was] given to help finance construction of a Haitian factory to build homes for hurricane victims.

Toll, 64, is a graduate of the University of Pennsylvania’s Wharton School of Business.

… [He is charged with] 23 counts of fraud and money laundering

Do you suppose anyone at Wharton notices how many of their graduates are criminals, or are under indictment? Or are, like Brown University’s highest-profile trustee, getting buzzed by the SEC an awful lot?

Hell, maybe Wharton’s proud of it. You have to figure there are tons more graduates out there successfully defrauding people.

Margaret Soltan, December 10, 2012 7:55PM
Posted in: beware the b-school boys

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One Response to “ANOTHER feather in Wharton’s cap!”

  1. JND Says:

    When Wharton tries to hit me up for contributions, the nice folk there never mention these things.

    They don’t get much out of me. The average MBA graduate today makes more in his first job than I do now, thirty years after I got my Wharton MBA.

    Would you belive I’ve never been featured in an alumni puff piece?

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