Word: shleifer
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Dates: during 2000-2009
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...Andrei C. Shleifer screwed...
Five years ago the U.S. attorney’s office sued Shleifer, a star economist, for conspiring to defraud the government. A federal judge in Boston concurred, and this summer Shleifer agreed to pony up $2 million for his misdeeds...
...defendants in the case had argued, to various degrees, that they were not bound by the conflict-of-interest provisions in their contracts. But in a summary judgment in June 2004, U.S. District Court Judge Douglas P. Woodlock disagreed, finding Shleifer and Hay liable under the False Claims Act, a federal law that prescribed heavy damages for violating a contract with the government...
...University, in a lesser judgment by Woodlock, was found liable for up to $34.8 million, the amount paid to Harvard by the government after the first improper investments by Shleifer...
...press release that made no mention of Shleifer or Hay, the University said it was glad to put the matter to rest...