4 ms·

Citadel CEO Ken Griffin Donates $300M to Harvard University

5 points by boeingUH60 4y ago

hackrnusr 4y ago
Ken Griffin belongs in jail, not on Harvard's list of biggest (and most corrupt) donors: https://www.sec.gov/comments/s7-08-22/s70822-20127538-288680.pdf https://www.sec.gov/comments/s7-08-22/s70822-20127538-288680... https://www.thestreet.com/memestocks/reddit-trends/citadel-securities-accused-illicit-trading-tactics https://www.thestreet.com/memestocks/reddit-trends/citadel-s... https://www.cryptotimes.io/sec-chair-gary-gensler-accused-in-citadel-market-maker-manipulation/ https://www.cryptotimes.io/sec-chair-gary-gensler-accused-in... https://newrepublic.com/article/162053/bernie-madoff-dead-hedge-fund-regulation https://newrepublic.com/article/162053/bernie-madoff-dead-he... https://www.reuters.com/business/finance/skorea-fines-citadel-securities-stock-algorithm-trading-breaches-2023-01-27/ https://www.reuters.com/business/finance/skorea-fines-citade... https://www.reuters.com/article/us-citadel-settlement-routing/citadel-pays-sec-22-6-million-to-settle-charges-of-misleading-customers-idUSKBN15204X https://www.reuters.com/article/us-citadel-settlement-routin... https://franknez.com/robinhood-and-citadel-colluded-night-before-trading-restrictions/ https://franknez.com/robinhood-and-citadel-colluded-night-be... https://www.bloomberg.com/news/articles/2022-06-07/ex-citadel-analyst-gets-51-months-for-hedge-fund-covid-scam#xj4y7vzkg https://www.bloomberg.com/news/articles/2022-06-07/ex-citade... https://www.reuters.com/article/sac-fund-citadel/update-3-sac-indictment-describes-insider-trading-group-at-citadel-sources-idUSL1N0FV10620130725 https://www.reuters.com/article/sac-fund-citadel/update-3-sa... More on Harvard's new president here: https://karlstack.substack.com/p/the-curious-case-of-claudine-gay https://karlstack.substack.com/p/the-curious-case-of-claudin... Given the mere 'slap on the wrist' that she gave Prof. Martin Nowak for helping Jeffrey Epstein evade prosecution on the brewing child sex-trafficking charges for more than two decades, I'm not surprised that she sees nothing wrong with facilitating a little "reputation laundering" for Ken Griffin as he seeks to avoid being held accountable for his own misdeeds. It's the same reason why this old geezer https://www.businessinsider.com/jim-simons-renaissance-mit-speech-video https://www.businessinsider.com/jim-simons-renaissance-mit-s... was buying "good will" from universities like MIT while the IRS was deciding whether or not to prosecute his firm on tax evasion: https://nypost.com/2019/04/10/hedge-fund-slammed-over-6-8b-in-unpaid-taxes-seeks-deal-with-irs-report/ https://nypost.com/2019/04/10/hedge-fund-slammed-over-6-8b-i... BTW, the 'student financial aid' that Griffin references in his latest gift to the university should perhaps be more accurately translated to read here as 'tax minimization strategies for the rich' https://www.google.com/search?q=ken+griffin+net+worth&oq=ken+griffin+net+worth https://www.google.com/search?q=ken+griffin+net+worth&oq=ken... to help prop up a $50 billion organization's exceedingly bloated and thoroughly unaccountable bureaucracy, https://www.thecrimson.com/article/2022/11/29/anderson-bureaucratic-bloat-harvard/ https://www.thecrimson.com/article/2022/11/29/anderson-burea...
MoSattler 4y ago
The rich donating to the rich
GalenErso 4y ago
Regardless of your personal view of Ken Griffin, he is a Harvard alumni. Giving back to your alma mater is an American tradition followed by many before him. I would love to be able to donate $300M to my alma mater too. Also, I would rather see billionaires donate their fortunes to universities, where they can serve the needs of the student community, university faculty and staff, than stashed in investment accounts.
yuppie_scum 4y ago
A fraction of the 51 billion dollar endowment. He must just really want his name on something there.

5 points by boeingUH60 4y ago

Ken Griffin belongs in jail, not on Harvard's list of biggest (and most corrupt) donors: https://www.sec.gov/comments/s7-08-22/s70822-20127538-288680.pdf https://www.sec.gov/comments/s7-08-22/s70822-20127538-288680... https://www.thestreet.com/memestocks/reddit-trends/citadel-securities-accused-illicit-trading-tactics https://www.thestreet.com/memestocks/reddit-trends/citadel-s... https://www.cryptotimes.io/sec-chair-gary-gensler-accused-in-citadel-market-maker-manipulation/ https://www.cryptotimes.io/sec-chair-gary-gensler-accused-in... https://newrepublic.com/article/162053/bernie-madoff-dead-hedge-fund-regulation https://newrepublic.com/article/162053/bernie-madoff-dead-he... https://www.reuters.com/business/finance/skorea-fines-citadel-securities-stock-algorithm-trading-breaches-2023-01-27/ https://www.reuters.com/business/finance/skorea-fines-citade... https://www.reuters.com/article/us-citadel-settlement-routing/citadel-pays-sec-22-6-million-to-settle-charges-of-misleading-customers-idUSKBN15204X https://www.reuters.com/article/us-citadel-settlement-routin... https://franknez.com/robinhood-and-citadel-colluded-night-before-trading-restrictions/ https://franknez.com/robinhood-and-citadel-colluded-night-be... https://www.bloomberg.com/news/articles/2022-06-07/ex-citadel-analyst-gets-51-months-for-hedge-fund-covid-scam#xj4y7vzkg https://www.bloomberg.com/news/articles/2022-06-07/ex-citade... https://www.reuters.com/article/sac-fund-citadel/update-3-sac-indictment-describes-insider-trading-group-at-citadel-sources-idUSL1N0FV10620130725 https://www.reuters.com/article/sac-fund-citadel/update-3-sa... More on Harvard's new president here: https://karlstack.substack.com/p/the-curious-case-of-claudine-gay https://karlstack.substack.com/p/the-curious-case-of-claudin... Given the mere 'slap on the wrist' that she gave Prof. Martin Nowak for helping Jeffrey Epstein evade prosecution on the brewing child sex-trafficking charges for more than two decades, I'm not surprised that she sees nothing wrong with facilitating a little "reputation laundering" for Ken Griffin as he seeks to avoid being held accountable for his own misdeeds. It's the same reason why this old geezer https://www.businessinsider.com/jim-simons-renaissance-mit-speech-video https://www.businessinsider.com/jim-simons-renaissance-mit-s... was buying "good will" from universities like MIT while the IRS was deciding whether or not to prosecute his firm on tax evasion: https://nypost.com/2019/04/10/hedge-fund-slammed-over-6-8b-in-unpaid-taxes-seeks-deal-with-irs-report/ https://nypost.com/2019/04/10/hedge-fund-slammed-over-6-8b-i... BTW, the 'student financial aid' that Griffin references in his latest gift to the university should perhaps be more accurately translated to read here as 'tax minimization strategies for the rich' https://www.google.com/search?q=ken+griffin+net+worth&oq=ken+griffin+net+worth https://www.google.com/search?q=ken+griffin+net+worth&oq=ken... to help prop up a $50 billion organization's exceedingly bloated and thoroughly unaccountable bureaucracy, https://www.thecrimson.com/article/2022/11/29/anderson-bureaucratic-bloat-harvard/ https://www.thecrimson.com/article/2022/11/29/anderson-burea...

MoSattler 4y ago

The rich donating to the rich

GalenErso 4y ago

Regardless of your personal view of Ken Griffin, he is a Harvard alumni. Giving back to your alma mater is an American tradition followed by many before him. I would love to be able to donate $300M to my alma mater too. Also, I would rather see billionaires donate their fortunes to universities, where they can serve the needs of the student community, university faculty and staff, than stashed in investment accounts.

yuppie_scum 4y ago

A fraction of the 51 billion dollar endowment. He must just really want his name on something there.