Miami University of Ohio announced Friday that it will return about $5 million that it received from Thomas Petters, who last week was convicted of running a mammoth Ponzi scheme, The Oxford Press reported. Petters pledged a total of $15 million in honor of his son, John, a Miami student who died during a visit to Italy in 2004, and his daughter, Jennifer. Based on the gifts and pledges, the university created the John T. Petters Center for Leadership, Ethics and Skills Development and the Jennifer Petters Chair in Asian Business. “The university has no interest in keeping money that Mr. Petters obtained by fraud or deceit,” said David Hodge, Miami's president.
- Quick Takes: $190 Million Sale of Touro Online Division, Policy on Corporate Names, Swastika Painted on Professor's Door, Noose Art Offends, No Confidence at MassBay, Gaza Students Can't Return to U.S.
- Quick Takes: Inquiry at VCU Blasted, Ponzi Scheme at Miami, Postdoc Union, Community College Data, Scientists Who Share, For-Profit Regulation, Governor Gives Up Football Tickets, Court Loss for Men's Sports Backers, New Naming Rules in British Columbia
- Quick Takes: Miami Fires Football Coach, Fees Drop for State Savings Plans, What They Learn in High School, 'Prenups' for Donors, Campaign Contributions by Academics, U. of Vt. Suspends Mexico Program, Laureate in Turkey, Bok Skips Presidential Pay
- University presidents work to increase recognizability with alumni
- After inappropriate conduct in Miami case, NCAA to investigate its enforcement division
Search for Jobs
Popular Job Categories