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.
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