A federal investigation into Lisa S. Coico, former president of City College, the flagship of the City University of New York (CUNY), has expanded, the New York Times reported.

Coico abruptly resigned in October amid an investigation into her use of college funds to pay for personal expenses.

Prosecutors are now investigating an additional money source — the City College Fund — to understand why the fund apparently paid Coico without university approval, according to the Times, which said the arrangement was not reported on tax returns.

City College was established in 1847, and founder Townsend Harris called it “the poor read more >>>

Source:: BusinessInsider.Com