Monday, July 24, 2006
Sometimes academics are well ahead of the corporate world, but sometimes they can also lag behind.
Many corporations, as part of their compliance or "effective" programs, have implemented measures to allow anonymous reporting of fraud or other noncompliance within a corporation or business. The Chronicle of Higher Education reports here (subscription required) that a growing number of universities are establishing hotlines for anonymous reporting of fraud activity. Fraud does exist at universities and colleges, so having measures in place may be an added layer of protection against such abuses.
Here are just a few examples of the government investigating or proceeding (civil and/or criminal) against a college or university, or individual associated with this entity, for alleged frauds occurring on campus:
Track Coach Convicted of Fraud for Misusing Student Aid Money (here)
Does Yale University Need a Compliance Program? (here)
Former Texas Tech Students Sentenced for Defrauding Student Loan Program (here)
Harvard Pays $26 Million to Settle False Claims Case (here)
GW Professor Pleads Guilty to Embezzling Nearly $1 Million From Grants (here)