Word: cecola
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Dates: during 1980-1989
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...timing of Shad's gift follows the expulsion of first-year B-School student Randall D. Cecola last fall, when Cecola faced SEC charges of insider trading. Cecola played a small role in the same Wall Street scandal that incriminated Ira B. Sokolow and Martin A. Siegel, who obtained their Harvard MBAs in 1981 and 1971, respectively...
Simultaneously, the SEC prohibited Cecola andfive other businessmen implicated in the scandal,including Levine and Robert M. Wilkis '71, fromworking for investment or municipal securitydivisions of companies in the future...
John Lynch, assistant dean of the MBA programsaid that Cecola was "asked to withdraw" by afaculty committee but that standard B-Schoolpolicy will allow him to apply for readmissionanytime within the next five years...
According to Kaufman, Cecola will probablyreapply to the B-School, but not this year...
...Cecola's former classmates described him as aquiet loner. "He kept to himself very much, thoughhe was friendly with everybody," said second-yearstudent John Lindsey. "I think we're all a bitsurprised...