Title

Connecticut Sues Ex-Investment Chief at Wesleyan

August 24, 2010
 
 

Connecticut's attorney general, Richard Blumenthal, announced that he is joining a suit by Wesleyan University against Thomas Kannam, the university's former investment officer. A statement from Blumenthal said that Kannam used Wesleyan funds to do work for private firms to which he had financial ties -- in violation of university rules. Further, the suit charges that Kannam billed the university for trips -- one to the Super Bowl, one to Britain for his entire family -- that had no connection to university business. The attorney general's suit charges that these actions, on which Inside Higher Ed reported in January, violate state law. A lawyer for Kannam told Bloomberg: "Alumni, faculty and students should also be distressed that the university’s leadership has chosen to spend thousands of dollars in legal fees on a case that will ultimately produce million-dollar counterclaims against the school by those whose reputations have been severely injured by Wesleyan’s reckless allegations.”

Be the first to know.
Get our free daily newsletter.

 

 
+ -

Expand commentsHide comments  —   Join the conversation!

Opinions on Inside Higher Ed

Inside Higher Ed’s Blog U

What Others Are Reading

  • Viewed
  • Past:
  • Day
  • Week
  • Month
  • Year
Back to Top