Friday, August 24, 2012

BUSINESS SCHOOL DEAN RETURNS $1.25 MILLION IN CONSULTANT FEES

Mpls Strib - Roger Jenkins, Dean of the Richard T. Farmer School of Business, Miami University, Oxford, Ohio returned cash of $1.25 million plus 22,000 shares of Enable Holdings, Inc.,(an Internet retailer worth less than a cent a share on today's market), to court receiver Doug Kelley as one settlement in the Tom Petters fiasco of a $3.65 Billion ponzi scheme. Mr. Petters is in prison under a 50 year conviction and sentence. In 2009, Miami University had returned to the receiver more than $5 million cash pledged by Petters to the U of Miami on behalf of his daughter and deceased son John, both students at the University. Dean Jenkins was paid stock and cash "for a variety of consulting services".

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