Word: epstein
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...Marc J. Epstein and Daniel K. Young came to the Harvard Business School from different sides of the country. But their past work in the world of finance has followed--and haunted--both of them...
...Epstein, a visiting professor of business administration, is accused of skipping out on a $1.5 million loan he owed Los Angeles-based Mitsui Manufacturers Bank for two investment companies he ran in Southern California. After the bank tracked him to Harvard and sued in Middlesex court, Epstein agreed to pay Mitsui $13,000 a year, meaning he will pay off the debt by the year...
What is perhaps most remarkable--and similar--about the Epstein and Young cases was that the Business School did not become aware of either situation until legal action was taken...
...second time this year that a Business School affiliate has been ensnared by their financial past. Visiting Professor of Business Administration Marc J. Epstein was sued in Middlesex County Court in March by a bank attempting to recover a loan he defaulted on while heading up two California investment companies. Epstein, who will remain at the school next year, now must pay the bank $13,000 a year in equal monthly installments, according to a court settlement
compiled by Joe Mathew's Market B. Ganumill and Gody A. Epstein...