Chicago MSFM Chicago University Trustee implicated in Ponzi scheme

[Andy Nguyen]

A civil lawsuit filed last week accused a University trustee of knowingly contributing $3.2 billion to a Minnesota-based Ponzi scheme, though his lawyer has denied any wrong-doing.
The trustee, Steve G. Stevanovich (A.B. ’85, M.B.A. ’90), was named as a defendant in the suit that claims he made $323 million in “false profits” from the scheme. The complaint was filed in Minnesota District Bankruptcy Court by the Petters Company, which was at the center of the scheme.
Stevanovich donated $7 million to the University in December 2006, a gift that led to the expansion and renaming of the Stevanovich Center for Financial Mathematics. He was later elected to the Board of Trustees.

Trustee implicated in Ponzischeme - The Chicago Maroon

 

[Andy Nguyen]

As if this is not enough bad news for University of Chicago, the Stevanovich building caught fire. This is the building where graduate students in the Math dept have their office.
MathStat fire deemed accident - The Chicago Maroon