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After more than three years of federal investigations, the U.S. government is suing Professor of Economics Andrei Schleifer '82 and Jonathan Hay, a former legal advisor, for seeking personal gain from their positions in a consulting project helping Russia in the transition from Communism to a market economy. The suit alleges that Schleifer and Hay, along with their wives, both financial professionals operating in the Russian capital market, profited from conflict-of-interest investments. They are also charged with using U.S. Agency for International Development (USAID) funds for their own private operations. More importantly, the suit implicates Harvard University, alleging...

Author: By The CRIMSON Staff, | Title: A Difference of Nomenclature | 10/4/2000 | See Source »

...comes Jonathan Lebed, 15, a New Jersey neophyte retracting the definition of "kid" from anyone merely young to certifiable school-age dependent. Lebed lives at home. He watches World Wrestling Federation matches. He roots for the Mets. He doesn't drive, at least not a car. But he has been in the fast lane of Wall Street swindlers for the past year, driving stocks with bogus chat-room hype that enabled him to capture $272,826 in illegal profits. Lebed settled his case with regulators last Wednesday, agreeing to disgorge the profits, plus $12,174 in interest, without admitting...

Author: /time Magazine | Title: Crimes And Misdeminors | 10/2/2000 | See Source »

...called Promotion Solutions www.eprolutions.com) which purports to help clients advertise their websites, and PRHost.com a web-hosting service. They're a pair of go-getters. Glugeth had the foresight to use Lebed's media moment last week to hype their Web business. "I'm not here to talk about Jonathan," Glugeth told a swarm of reporters outside Lebed's house. "I'm here to talk about our company...

Author: /time Magazine | Title: Crimes And Misdeminors | 10/2/2000 | See Source »

Just 17,000 ft. above Black Rock Desert, the pilots of Southwest Airlines Flight 1763 set the controls for a midnight landing in Salt Lake City, Utah. As the tower radioed clearance, flight attendants in the back of the Boeing 737 began collecting Coke cups and pretzel bags. Suddenly, Jonathan Burton, 19, jumped into the aisle from his seat near the wing and started pacing back and forth. Then he bolted to the front of the plane and turned around. His eyes revealed his hysteria. "Everybody just sit down!" he yelled. "Everybody just sit down...

Author: /time Magazine | Title: Homicide In The Sky | 10/2/2000 | See Source »

...traces of marijuana and cocaine in his system, but not enough to explain his outburst, Spence says. Though the coroner ruled the death a homicide because Burton died at the hands of others, federal prosecutors say they cannot prove criminal intent. Yet many questions remain: What was wrong with Jonathan Burton? Was his killing a horrible accident or a case of vigilante malice? And what are the lessons for airlines dealing with the growing incidence of air rage? "The question to ask is whether the flight attendants attempted to restrict the Good Samaritans from using undue force," says California aviation...

Author: /time Magazine | Title: Homicide In The Sky | 10/2/2000 | See Source »

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