Word: russian
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...suit claims the University failed to provide adequate supervision for the program, allowing the other defendants to profit illegally by investing in the Russian economy...
Both Wrinn and Taylor noted that the government had previously praised the advice given by Harvard's Russian aid project, making it hard to understand the government's decision to sue--especially for such a large sum of money...
...suit claims that while providing economic and legal advice for the development of Russian capital markets, the individual defendants violated conflict-of-interest rules prohibiting them from investing in the Russian economy. The suit claims they even diverted U.S. government resources for their...
...complaint alleges that Shleifer and Zimmerman invested $200,000 in various Russian companies and Russian government debt. In addition, the couple and Hay allegedly purchased "several hundred thousand dollars worth" of shares in Russian oil companies in the name of Shleifer's father...
HIID, the Harvard organization that administered the program, was disbanded July 1. The move was recommended to Provost Harvey V. Fineberg '67 last winter by a special University taskforce. Administrators said the decision was not influenced by the alleged improprieties in the Russian program...