Northeastern University Agrees to Pay $2.7M in Settlement - Higher Education
Higher Education News and Jobs

Northeastern University Agrees to Pay $2.7M in Settlement

by Associated Press

BOSTON ― Northeastern University will pay $2.7 million to the federal government after failing to account for research funds it received from 2001 to 2010.

The National Science Foundation awarded the funds to the university to support high-energy particle physics research.

Federal prosecutors said Tuesday the school repeatedly approved advances and other payments to accounts at the organization controlled by physics professor Stephen Reucroft, without proper justification.

Officials say the school didn’t notify the foundation for more than two years when it discovered problems with the accounting for paid award funds and knew that some of the money went to personal expenses.

The now-retired Reucroft didn’t respond to requests for comment.

Northeastern said in a statement it self-reported the discrepancies, cooperated with investigators, and has made changes to how it monitors grant money.

RELATED ARTICLES >>
University of Missouri to Raise Undergrad Tuition by 1% JEFFERSON CITY, Mo. (AP) — The University of Missouri will raise in-state, undergraduate tuition by 1 percent beginning this fall. The increase was announced in a press release Monday, after university officials reached a deal with state lawmakers...
Billionaire Chen Yidan Uses His Resources to Focus on Education HONG KONG — He is sometimes called the Mark Zuckerberg or Bill Gates of China. Vicky Colbert, Chen Yidan and Dr Carol Dweck And like Zuckerberg and Gates, Chen Yidan — also known as Charles Chen — has used his financial empire to make educatio...
Using Technology to Put Faculty First Steve Goldenberg found his calling in technology entrepreneurship as a Georgetown University student nearly two decades ago. A native of Michigan, he recalls a college tour visit to the D.C.-based school where he would eventually develop the web a...
University of Louisville Sues Former President James Ramsey LOUISVILLE, Ky. — The University of Louisville sued its former president on Wednesday, claiming he and others conspired to divert millions of dollars from the school's investment arm in a long-running scheme. The lawsuit seeks to recover millions ...
Semantic Tags: