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Your Timely UofL Equine Scandal Update

March 30th, 2011 by jake · 9 Comments

Hear through the grapevine that the alleged Equine Trust Fund scandal at the University of Louisville involves more than $100,000. Here’s what we originally published on March 25:

I hear that there’s a problem with the Equine Trust Fund grant currently administered by the UofL School of Business.

Allegedly, some fraud has been wrought resulting in an investigation and termination of a Program Coordinator. Sources at UofL allege off-the-record that as much as $100,000 has been mismanaged and suggest an internal investigation is taking place right now.

No one wants to talk.

We also hear that the bigger story is quite possibly the failure of the system to detect the alleged embezzlement. The scheme was apparently caught due to a fluke and not because UofL’s financial checks function properly.

Times are quite interesting and the University seems to be circling its wagons. I mean, if the nasty emails and calls we’re receiving are any indication.

Tags: Bad Behavior · Education · Rumors · Scandal · University of Louisville

9 responses so far ↓

  • 1 Charlie // Mar 30, 2011 at 5:55 pm

    Makes good copy but not quite scandalous proportions. People tend to be quiet when crimes are committed or haven’t you noticed?

  • 2 jake // Mar 30, 2011 at 6:07 pm

    Come on.

    Did you really expect me not to foam at the mouth?

  • 3 Novena // Mar 30, 2011 at 7:30 pm

    “Quiet or Not–Is a Scandal Coming?

    Jake says “no one is talking.”
    Charlies says “people tend to be quiet when crimes are committed.”
    So, logically, might there be crimes here?

  • 4 GtownReader // Mar 30, 2011 at 9:38 pm

    “Mismanagement” is one thing. “Embezzlement” is another.

  • 5 blowin' in the wind // Mar 31, 2011 at 8:04 am

    Oh sigh! Have we learned nothing from Felner-Gate?

  • 6 Novena // Mar 31, 2011 at 8:52 am

    “Legal Black Holes”

    Prof. Chips: “Do you think it’s mismanagement or embezzlement this time?”

    Prof. Dolittle: “Hard to say. They’re often synonymous around here.”

  • 7 BS_STUD // Apr 1, 2011 at 5:01 pm

    Jake, I am in the middle of a project for an accounting class and this would be a great piece to add in. Can you tell me where you are getting some of this information? Thanks!!

  • 8 jake // Apr 1, 2011 at 5:04 pm

    Unable to share that information.

  • 9 GtownReader // Apr 1, 2011 at 8:22 pm

    Congrats on another scoop, Jake.
    But you didn’t tell me that I KNOW this scofflaw. I have had some very unpleasant dealings with this woman, including a threatening letter she wrote me (which I held onto). This is KARMA in all its gory glory.

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