Capital School Charged With Misuse of Funds
United Press International
WASHINGTON — The FBI is conducting a preliminary investigation into allegations that officials at the University of the District of Columbia mishandled school funds, a bureau spokesman said Wednesday.
University Trustee Joseph Webb has asked U.S. Atty. Joseph diGenova to probe several “areas of concern,” including transfer of the school’s $10-million land grant endowment to another bank and the propriety of thousands of dollars’ worth of consulting contracts financed by the school.
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