August 04, 2005
Harvard University and two senior advisors have agreed to pay over $31 million to settle allegations of defrauding the U.S. Agency for International Development. The advisors were paid under a USAID grant to advise Russia on economic development. In violation of their agreement, they made investments in Russia in areas where they were providing advice.
The August 3, 2005 press release on the settlement can be found at the U.S. Newswire website.