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DOE probe into colleges finds $6B in unreported funds from China, Russia
nypost ^ | May 22, 2020 | Bob Fredericks

Posted on 05/22/2020 6:34:43 PM PDT by MarvinStinson

A probe by the Department of Education into colleges that accept foreign investments and donations has uncovered $6 billion in previously unreported foreign donations from US adversaries including China and Russia.

House Republicans were monitoring the investigation into the schools to determine if they were violating Section 117 of the Higher Education Act of 1965, which prohibits an “Institution of Higher Learning” from failing to properly report foreign gifts of $250,000 or more.

In a letter from the department, general counsel Reed Rubinstein said that while some colleges recognized that foreign cash from US adversaries could pose a security risk, others had become addicted to the money.

“Some IHE leaders are starting to acknowledge the threat of foreign academic espionage and have been working with federal law enforcement to address gaps in reporting and transparency,” the letter said.

“However, the evidence suggests massive investments of foreign money have bred dependency and distorted the decision making, mission, and values of too many institutions,” the letter continued.

“The Department shares Congress’ concerns regarding unreported and unregulated foreign direct investment into the US higher education system, and the potential for foreign sources to use strategic investments to turn American college campuses into indoctrination platforms,” the letter added, before acknowledging that they did not have all of the data they had requested because of legal challenges from schools questioning Congress’ right to obtain the data.

“Certain institutions have yet to produce requested emails, metadata, and other information regarding business relationships with, and faculty funding from, Chinese, Middle Eastern, and Russian foreign sources. The Department is negotiating for this important information and hopes to have access to all relevant records in the near term,” the letter said.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: china; colleges; donations; education; foreign; russia; section117
While the Town Hall report does not mention a single school, the Wall Street Journal reported in February that Harvard and Yale were under investigation as part of a review that found US universities failed to report at least $6.5 billion in foreign funding from countries such as China and Saudi Arabia.
1 posted on 05/22/2020 6:34:43 PM PDT by MarvinStinson
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To: MarvinStinson

So basically they failed to register as agents of a foreign country.


2 posted on 05/22/2020 6:38:49 PM PDT by Steely Tom ([Seth Rich] == [the Democrats' John Dean])
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To: MarvinStinson

Many colleges, like many politicians, are the property of China.


3 posted on 05/22/2020 6:39:39 PM PDT by Arcadian Empire
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To: MarvinStinson
"..prohibits an “Institution of Higher Learning” from failing to properly report foreign gifts of $250,000 or more."

Depending on accounting practices, possibly the $6.5 billion may not yet have reached the $250,000 ceiling.

4 posted on 05/22/2020 6:44:53 PM PDT by chief lee runamok (expect nothing)
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To: MarvinStinson

China has subverted nearly every aspect of our country. Not sure how this ends.


5 posted on 05/22/2020 6:52:00 PM PDT by JonPreston
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To: MarvinStinson

btt


6 posted on 05/22/2020 6:58:04 PM PDT by KSCITYBOY (The media is corrupt)
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To: JonPreston

“Not sure how this ends.”

It depends greatly upon who is making the decisions. If the left is making decisions, we will be lucky to survive.


7 posted on 05/22/2020 6:59:49 PM PDT by neverevergiveup
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To: MarvinStinson

Well, you have to admit, that the Chinese and Russians take care of their friends.


8 posted on 05/22/2020 7:01:47 PM PDT by The Antiyuppie (When small men cast long shadows, then it is very late in the day.)
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To: MarvinStinson

Those huge endowments just didn’t come from nowhere.


9 posted on 05/22/2020 7:03:52 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: chief lee runamok

“Depending on accounting practices, possibly the $6.5 billion may not yet have reached the $250,000 ceiling.”

This is why the schools have been using increasingly absurd teaching methods over the last 50 years. I’ll bet that 30% of Americans would not understand the above joke.


10 posted on 05/22/2020 7:06:16 PM PDT by The Antiyuppie (When small men cast long shadows, then it is very late in the day.)
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To: MarvinStinson

Why should I be forced to fund corrupt colleges and universities with my tax dollars?


11 posted on 05/22/2020 7:13:26 PM PDT by Mr. N. Wolfe
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To: MarvinStinson; Liz
Chinese donations to UC Berkeley have increased by millions since 2009

According to FEC campaign filings, Clinton’s presidential campaign received about $1.3 million from employees and students within the UC system in 2016. Employees from Google’s parent company, Alphabet Inc., contributed about $50,000 less than UC affiliates.: UC system forms largest donor bloc for Clinton presidential campaign

12 posted on 05/22/2020 7:13:36 PM PDT by Fedora
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To: Fedora

Remember Janet Napolitano and her reign at the University of California.

Audit the books.


13 posted on 05/22/2020 7:19:37 PM PDT by ptsal (Vote R.E.D. >>>Remove Every Democrat ***)
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To: MarvinStinson

So... six billion floating around out there. And nobody ever noticed or suspected a thing. Yeah, sure I believe that.


14 posted on 05/22/2020 7:30:18 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: MarvinStinson

Meanwhile, if a cop shows up in a new Escalade, internal affairs starts asking all kinds of questions. But the jet set can have an extra 6 billion and nobody sees a thing.

Yes, so do tell me more about the blue code of silence cops have.


15 posted on 05/22/2020 7:32:31 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: MarvinStinson

Harvard and Yale are more endowed than Dolly Parton.


16 posted on 05/22/2020 7:33:08 PM PDT by Rebelbase (The Church of BBQ does not discriminate. All meat is welcome.)
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To: DesertRhino

Meanwhile, if a cop shows up in a new Escalade, internal affairs starts asking all kinds of questions. But the jet set can have an extra 6 billion and nobody sees a thing.

It’s like a variation on a quote from Stalin. ‘A single death is a tragedy; a million deaths is a statistic.’,


17 posted on 05/22/2020 7:53:28 PM PDT by Flick Lives (The real virus is the MSM)
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To: Arcadian Empire

And we wonder why our children are freaking retarded and told it’s “inequality” and we need to spend more money. We wonder why America is one step away from being destroyed from within.


18 posted on 05/22/2020 7:54:41 PM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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To: MarvinStinson

Unmask ALL of the schools colluding with China, Russia, and Saudi Arabia.


19 posted on 05/22/2020 7:58:07 PM PDT by Carl Vehse
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To: MarvinStinson

I wish they could dig up who funded Barack’s tuition.


20 posted on 05/22/2020 8:03:39 PM PDT by rfreedom4u (The root word of vigilante is vigilant!)
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