Harvard, Yale under federal investigation for shady foreign gifts

Harvard, Yale under federal investigation for shady foreign gifts

• The U.S. Department of Education is investigating Harvard and Yale after the Ivy League institutions failed to report millions in foreign gifts.
• The probe is part of an ongoing federal effort to get to the bottom of billions in undisclosed foreign gifts at colleges across the country.

...According to the Wall Street Journal, the Department of Education is continuing a review that American colleges did not disclose $6.5 billion in foreign funding, including monies from China and Saudi Arabia.
..."Unfortunately, the more we dig, the more we find that too many are underreporting or not reporting at all..."
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