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    New Jersey attorney general sues Hoboken college

    Dec. 22, 2009
    President of Stevens Institute of Technology accused of plundering school endowment
    From The New York Times: The New Jersey attorney general has sued Stevens Institute of Technology in Hoboken and its president, Harold J. Raveche, accusing him of plundering the endowment and receiving $1.8 million in illegal low-interest loans for vacation homes, with half of them later forgiven.

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