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Harvard reduced its stock holdings by 35 percent during the first quarter of 2010, even as the Dow Jones Industrial Average rose about 4 percent over the same period.
As seen in past filings, about 65 percent of University stock holdings are in a basket of 12 emerging market index funds—which track the performance of foreign markets such as Brazil, India, and Mexico, but are traded on domestic exchanges—though the amount held in...
The University slightly reduced its holdings in these funds over the past quarter as part of its broader move to decrease stock market investments and gave up its holdings in several other national market funds, including those from Hong Kong and Turkey.
His application packet included fabricated recommendations from Harvard professors and a college transcript detailing perfect grades over three years. Wheeler's resume listed numerous books he had co-authored, lectures he had given, and courses he had taught, according to authorities.
The defendant is alleged to have "stolen over $45,000 in grants, scholarship and financial aid money awarded to him on applications and submissions of documents that were based on lies and reproductions of other people’s hard work,” Leone said in the statement.