GSIS

Apr 10, 2025

Averett files lawsuit alleging ex-CFO, firm ‘drained’ school’s endowment fund

Danville private university Averett University has filed a federal lawsuit alleging its former chief finance officer worked with an investment firm to conceal illicit draws from its endowment that were used to cover budget deficits. In a complaint filed March 26 in the U.S. District Court for the Western District of Virginia, Averett states that […]

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