11 June 2004

Today's Wall Street Journal contains a feature story on how the former co-head of the Harvard Parents Fund swindled wealthy donors out of more than $13.8 million through a bunch of shady investment schemes. The fundraiser, Gregory Earls, has been convicted of twenty-two counts of fraud and faces up to thirteen years in prison. Among those defrauded were a hedge fund manager and the founder of Fresh Direct, proving that even smart, wealthy Harvard parents can be persuaded to invest in causes even more questionable than the Harvard endowment.

No comments: