Word: haye
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...Hay was fired from the University in 1997. Shleifer was removed from HIID but remained on the Faculty...
...government filed suit for fraud in 2000, alleging that the investments made by Shleifer and project manager Jonathan Hay, a former Harvard employee, violated USAID’s conflict of interest policy. The University was also named in the suit, which sought over $100 million in damages...
Last June, Shleifer and Hay were found liable for conspiring to defraud the government. Federal Judge Douglas P. Woodlock found that the two economists had violated the False Claims Act and that their actions made Harvard liable for breach of contract...
...agreement came nearly a year after Woodlock found Shleifer, who is the Jones professor of economics, and Jonathan Hay, a former Harvard employee, liable for conspiring to defraud the government. The two men made personal investments in Russia while advising a U.S.-funded program to privatize the economy there in the 1990s...
...Staff writer Jonathan P. Hay can be reached at hay@fas.harvard.edu...