General World News

The president of the ‘poor man’s Harvard’ resigned after accusations of using funds for ‘iffy’ reasons

CUNY John Jay College of Criminal Justice

Lisa S. Coico, president of City College, the flagship of the City University of New York (CUNY), abruptly resigned Friday amid an investigation into her use of college funds to pay for personal expenses, The New York Times reported.

Evidence the Times provided to the school a day earlier — which suggested that a 2011 memo detailing Coico’s reimbursements had been fabricated — may have sparked her resignation.

City College was established in 1847, and founder Townsend Harris called it “the poor man’s Harvard.”

Coico, the first alum to assume the presidency in the history of the school, served in her role read more >>>

Source:: BusinessInsider.Com