HARVARD and Prof Liable for Fraud (news item)

<p>"Harvard University has agreed to pay $26.5 million to settle a civil complaint about investments that an economics professor and a former staff member made while working on a federal contract to help privatize Russia's post-Soviet economy, prosecutors said Wednesday.... Harvard could have been liable for up to $120 million in damages if the case had gone to trial."</p>

<p><a href="http://www.nytimes.com/2005/08/04/education/04harvard.html?%5B/url%5D"&gt;http://www.nytimes.com/2005/08/04/education/04harvard.html?&lt;/a&gt;&lt;/p>