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Ex-prof, alum son plead guilty to hedge fund fraud
A former associate dean of MIT’s Sloan School of Management and his son have pleaded guilty to securities fraud and obstruction of justice after allegedly losing $140 million of investors’ money in hedge funds.
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Harvard Admits to $1.8 Bil. Blunder in Cash Holdings
Harvard University, one of the world’s richest educational institutions, stumbled into its financial crisis in part by breaking one of the most basic rules of corporate or family finance: Don’t gamble with the money you need to pay the daily bills.