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Mercer, Joye – Chronicle of Higher Education, 1995
College and universities that invested in the Foundation for New Era Philanthropy, now bankrupt, now find they were taken in by the organization's investment claims. Suits are being filed on behalf of investors and by the Securities and Exchange Commission, claiming fraud. Even institutions not investing in the charity may learn from the…
Descriptors: College Administration, Court Litigation, Fraud, Fund Raising