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Grambling Lost $1M on Illegally Purchased Stock

Grambling Lost $1M on Illegally Purchased Stock
June 30, 2010

While many universities have suffered stock losses in the last two years, Louisiana auditors uncovered an unusual loss at Grambling State University. The News Star reported that the university lost more than $1 million on stocks that were purchased illegally because the funds were restricted to use on university facilities.

 

 

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