Word: shleifer
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Jones Professor of Economics Andrei Shleifer ’82 and former Harvard employee Jonathan Hay violated the False Claims Act by making investments in Russia through family while advising the Russian government on its transition to capitalism under a $34 million contract with the U.S. Agency for International Development (USAID), Judge Douglas P. Woodlock found...
...University could face damages of up to $34 million plus accumulated interest for breach of contract, but because Shleifer and Hay were found to have violated the Act, they may still face damages of up to $102 million plus interest each...
While the case may go to a jury trial, a jury could only decide the amount of damages awarded for all but one charge. In that claim, which Woodlock said would have to be decided at trial, Shleifer asserts he was a “consultant” to the project and therefore not subject to USAID conflict-of-interest regulations, while the government argues he is bound by them...
...Shleifer, one of the world’s top economists, and Harvard Law School graduate Hay, formerly the top two officials in the now-defunct Harvard Institute for International Development...
...shows how economics can be used very constructively to think about racial and ethnic hatred not as some historical given, but as a phenomenon instigated by political entrepreneurs who used hatred for their own ends,” says Andrei Shleifer ’82, the Jones professor of economics. “It’s some of the most innovative research in economics done in a long time...