Certain universities – Louisville, USC, Yeshiva, the University of Miami – have the smell of more or less criminal enterprises. They’re always generating high-level, multifaceted, scandal; some of their trustees are crooked or even criminal financiers. Yeshiva had Bernard Madoff as treasurer; Ezra Merkin also sat on their board. Also, I believe, Ira Rennert. The school continues to have as a trustee Zygmunt Wilf. These are not pretty people.
Now, Harvard and MIT were indeed buddies with Jeffrey Epstein; Harvard even celebrates as an emeritus professor Alan Dershowitz, at least an Epstein intimate, and at most (according to one of Epstein’s slaves) a secret sharer in the sex. Its erstwhile president, who helped run a hedge fund while president, hung out with Epstein too. (He also hung out with Andrei Shleifer…) But these schools are not the rackety dives those other schools are. They’re not just in it for the money. Nor are they just in it for the sports: The heavy campus hand of plutocrat college sports fans (the recently departed T. Boone Pickens at Oklahoma State; Phil Knight at Oregon) generates scandals, too – but these are the tired, expected scandals of the jock school.
No, MIT and Harvard are great schools, serious schools, productive schools – they are among the world’s greatest intellectual institutions. They fuck with plutocrats because of their professors’ smokin’ ambition to understand, to invent, to cure. They want money, money, and more money to fund their projects. To be sure, some of this generative creative activity makes some of their professors personally wealthy — the ex-head of MIT’s Media Lab took money from Epstein for his own investments, which adds to the embarrassment of it all… More commonly, professors monetize their medical and technical breakthroughs, producing all kinds of conflict of interest trouble at cutting edge places like Stanford…
We little people, looking in at all of this from the outside, are assured that COIs can be “managed” – the word is always managed – and we shouldn’t worry our pretty little heads. Yessir!
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Now look. Most people are pretty greedy; many putrid plutocrats realize that a university affiliation can clean them up real good. It’s a marriage made in heaven. But here’s what UD finds remarkable: MIT’s endowment is close to 17 billion; Harvard’s is close to forty billion. In ten years or so, Harvard’s wealth will be, say, a hundred billion. Harvard is a superplutocrat.
These schools are currently in trouble for promiscuous plutocrat fraternization; but given how INSANELY – not to say unconscionably – rich they are, why is this sort of thing happening at all? Just make an appointment with the “super-secret and dictatorial Harvard Corporation” and explain to them that you’d rather dip into the school’s billions and billions and billions than have to take research money from a guy in jail for sexually enslaving fifteen year olds. The worst they can say is no!
And while we’re at it – Why do superbillionaires like Harvard feel compelled to appoint rich turds like Epstein visiting fellows? We know that legacy parents can pay their kids’ way into Harvard; we know that rich parents can bribe coaches to get their kids into schools like Harvard and Yale. I’m not sure we knew that profit-oriented Harvard faculty can gift generous rich guys official appointments. Not a good look. Not a good look at all. But when Larry Summers spends his presidency running a hedge fund, losing $1.8 billion of Harvard’s endowment on market gambles, and defending a faculty crony who misused, for personal gain, government funds to Harvard, whadaya expect? That crony cost Harvard tens of millions in federal penalties, and it made not one bit of difference in terms of his high-profile position in Harvard’s economics department. That’s the way plutocracies work, kiddies. Plutocracies are even smart enough to know when their workings have become too public, which is why right after Larry Summers, Harvard appointed preachy anti-materialist Drew Faust (‘And while you’re at it, find me a woman, for crap sake!”) to maintain the non-profit theatrics.
Skeptical of the clean-up crew function of women when plutocrat sausage parties get out of hand? Read and learn. As FIFA went, so went Harvard – when things get truly desperate and you can’t hide what you’ve been doing any longer, Find A Woman, Pronto. You can always go right back to men when it all blows over.
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As ever, sing it.
[Before and after his conviction in 2008, Epstein was a regular on the masturbatory tech gadfly circuit — an attendee and sponsor of “billionaire dinners” and related sausage-factory soirees at which ultrawealthy men (among them the founders of Amazon and Google), elite scientists and various other male luminaries discussed the future they were collectively trying to build (or, depending on your perspective, squander.)]
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The party’s over
It’s time to find us a dame
Until we start up again
I’m going to miss our game
It’s time to wind up
The masquerade
There’s no more Epstein
To keep us paid…
Philip Esformes, a man incapable, as a matter, it seems, of principle, of obeying virtually any law, has been found guilty of this country’s largest health care fraud ever.
Much of the Esformes tale, which features his self-presentation as a seriously religious person, is scripted by Woody Allen. (‘The witnesses described how Esformes would direct them to pay doctors in cash, using code words like “fettuccine.”‘)
With his corporate and personal assets frozen, Esformes’ father, Morris, paid for the son’s costly defense, which has included lawyers from Black’s high-profile law firm and other attorneys. The father, with his son’s assistance, had amassed a fortune in the healthcare field in Chicago before they set their sights on Miami, where they got into trouble with the law for the first time in 2006. Back then, the Esformes family and the owners of Larkin Hospital paid $15.4 million to the U.S. government in a Justice Department settlement to resolve a civil violation of recycling patients between the hospital and the family’s nursing-home facilities and ALFs — a precursor to the current criminal case.
And Morris… well, about Morris you don’t wanna know… Very highly esteemed at Rogue Central, University of Miami medical school.
Most of the meetings took place in Esformes’ swimming pool (you need to register for access to the linked site) – he was worried Delgado might be wearing a wire – but this bit of personal counseling went on in one of the defendant’s many Medicare/Medicaid money extraction locations…
Man, I told you this trial would be fun! I told you! The biggest health care fraud in the history of this country is the culmination of generations of effort by the pious, illustrious Esformes family, whose patriarch’s name adorns a chair at the University of Miami medical school, and whose scion played basketball so well for the University of Pennsylvania that his coach is going to prison.
All well-provisioned universities need access to an Emergency Title Reserve, a list of names they can immediately slap on a professor with a named chair when the original name on the professor’s chair suddenly becomes… well…
Take Mary Waters, the socially conscious Zukerman Professor of Sociology at Harvard until it turned out Zukerman had stolen around fifty million dollars from the United States government. When it looked likely Zukerman would go to prison (that is in fact his current primary residence), Harvard was able to scrounge around in its ETR and come up with the name of some schmuck willing to sit there until he or she was needed (Theirs not to reason why/Theirs but to do or die).
Zukerman stole from the poor to give to the rich, as did the fascinating Esformes family, long one of the filthiest nursing home operators in Chicago, but now, in the person of Philip Esformes, “charged … in what has been touted as the nation’s biggest Medicare fraud case.” These named chair donors don’t think small – if you’re going to steal from America’s struggling taxpayer, steal tens – hundreds? – of millions! Then spread it around among the deserving rich so you can get your name emblazoned in some hoitsy-toitsy joint like Harvard, the University of Chicago…
Nothing says whitewashing like a university chair. If Bernie hadn’t suffered a reversal, hands down there’d have been a Madoff chair at Yeshiva University.
So Nir Uriel, once touted as the Esformes Chair in Medicine at Chicago, has been re-named the Block Professor.
UD of course has nothing against universities scrambling to dump crooks and replace them with saints. She has only two comments to make about this.
1. Better make sure the second-in-command is pure as the driven snow. It would be positively Rube Goldberg to have to keep giving their professors new names.
2. Instead of just quietly doing it, UD thinks universities should announce the change. Disclosure matters, and there’s a way of writing this sort of news release that makes it honest and unembarrassing.
For many years the University of Chicago has been pleased to be the recipient of financial generosity from the Esformes family, which endowed a professorship in our medical school. We have, however, now removed the Esformes name from that chair, because members of the family have been accused of Medicare fraud.
… your university hospital is the most treacherous part of campus. There’s lots of money at stake, so corruption is highly likely. Conflict of interest among your professors may be rampant. There’s always someone on the staff stealing oxycontin to sell it. Some of your anesthesiologists are addicts.
Cowboys on the surgery team try this and that without bothering with the institutional review board. Since you don’t really pay attention to the doctors you allow to affiliate, some of them will turn out to run pill mills or, like UCLA’s Arnold Klein, will embarrass you in other ways.
You try to make the hospital a big profit center, but that almost never works. Meanwhile, as in this story from the University Medical Center Göttingen, some of your surgeons are managing to make it work quite nicely on a personal basis.
A surgeon identified as Dr. Aiman O. is suspected of fraudulently manipulating dozens of his patients’ test results, making them appear sicker than they were to get them liver transplants more quickly — and possibly putting them ahead of people who more desperately needed them. The case first emerged in late July at the University Medical Center Göttingen, in the northern German state of Lower Saxony, from where the senior physician has been suspended since November for allegedly tampering with some 23 transplant cases. A gastroenterologist suspected of involvement has also been suspended.
There’s huge money in this. Truly rich, truly desperate people will pay amazing sums for an organ, and all you have to do is shove aside other sick people who’ve been following the rules and waiting.
It’s hard to say. This directory page is the best I can do, and it might not be the same guy. But a news article about him says he’s an “assistant professor at the New York University School of Medicine.”
As you probably know, medical schools are notorious for handing out the title “professor” to pretty about anyone who hangs around the hospital wearing a white coat. This courtesy isn’t a very good idea, especially at a time when doctors are being arrested for running pill mills all over the country (especially in Florida). Castronuovo faces ten years in prison for writing oxy prescriptions like a bat out of hell.
The University of Florida medical school received an F … on a scorecard designed to measure ethical policies on professors’ relationship with the pharmaceutical industry, the Pew Prescription Project announced Tuesday.
… The Gainesville school flunked because it refused to provide information, according to the 2009 American Medical Student Association PharmFree Scorecard. UF spokeswoman Melanie Fridl Ross said Tuesday, “We aren’t sure what happened with respect to the AMSA survey, but . . . shortly after being named interim dean of the College of Medicine last June, Dr. Michael L. Good appointed a task force to review and update the existing policies . . . on industry conflicts of interest and industry-academic relations . . . “
They can’t even find the survey.