Tuesday, June 23, 2009

Theft at Tufts

Now you know why the tuition is so high:

"2 former Tufts administrators admit big thefts from university" by Marc Larocque, Globe Correspondent | June 21, 2009

Two former administrators for Tufts University have pleaded guilty to stealing nearly $1 million from the school and spending it on items such as gourmet steaks, high-end fashion, and foreign travel, Middlesex prosecutors said yesterday.

Each was sentenced to two years in state prison followed by five years of probation, and ordered to pay full restitution.

That's it?

The stolen funds were first identified by a member of the Tufts internal audit department, who responded to an anonymous tip.

Pffft! The cops don't prevent crimes, and the institutions don't prevent looting.

The investigation determined that Josephine Nealley, who was the director of the university’s Office of Student Activities from 1996 to 2007, possessed control over bank accounts associated with the Office of Student Activities and that she used one of these accounts to make personal purchases using the account’s debit card, to transfer money to her personal account, and to withdraw cash, prosecutors said.

Oh, so she RIPPED off the KIDS, huh? Wow!

Kids today really have it shitty and they don't even know it.

During Nealey’s spree of bilking the university from 2001 to 2007, bank records showed that some of the money was spent at The Disney Store, Omaha Steaks, IKEA, as well as Foxwoods, prosescutors said.

Oh, she GAMBLED and PARTIED IT AWAY, huh?

Bet it made the economic numbers llok good, huh?

In Raymond Rodriguez’s case, who was the budget and fiscal coordinator for the Office of Student Activities from 2001 to 2007, auditors discovered that he wrote himself a check for $100,000 from a university account and opened his own bank account with the check and used it to pay credit card bills from October 2005 to September 2007.

Pffft!

He also opened more credit cards in his name and in the name of the university, using them to purchase personal items, all along paying them with other checks from the student activity account. During that period, prosecutors said, Rodriguez used Tufts money to purchase luxury items and trips, as well as tickets to see Madonna, Celine Dion, and the musical “Rent.’’

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All while YOUR KID was getting a S*** EJERKASHUN at some LOOTING FACTORY!!!!!!