Thursday, April 6, 2017
TTT Chronicles: Edward Adams, Former Candidate to Become Dean at SUNY Buffalo Law School, Indicted on 14 Separate Fraud Charges for Embezzlement
Prerequisite for Being Dean?: On March 25, 2017, the Buffalo News published a Jay Tokasz article that was entitled “Candidate for dean of UB Law School charged in embezzlement scheme.” Enjoy this opening:
“A finalist to become the next dean of the University at Buffalo Law School was indicted this week on federal fraud charges related to the alleged embezzlement of millions of dollars from investors in a company he helped run.
The U.S. Attorney's Office District of Minnesota charged Edward S. Adams, 64, a law professor at the University of Minnesota, with eight counts of mail fraud and six counts of wire fraud.
Adams -- an expert in corporate law and a former associate dean at the University of Minnesota Law School -- was among five finalists for the dean's post at the UB Law School who visited the campus in February and met with law school faculty and top university officials.
A UB spokesman said in an email statement that Adams "was not under consideration when the charges against him were filed.
Adams did not return a call seeking comment.
The indictment alleges that over a period of seven years, Adams stole $4.38 million from investors in a company that produced lab-grown diamonds. Adams paid to his own law firm more than $2.54 million during that time, according to the indictment.
UB launched a search for a new dean last September, with a 15-member committee led by Paul Tesluk, dean of the UB School of Management. The former UB Law School dean, Makau W. Mutua, resigned in 2014. James A. Gardner, a constitutional law expert, has been serving as interim law school dean.
The university hired a national firm, Russell Reynolds Associates, to assist with the search. University administrators are hoping new leadership will help overcome divisions within the Law School and bolster its sagging U.S. News & World Report rankings.
Adams was the first of five finalists to visit campus in February. He followed up his visit with an open letter to UB law faculty saying he looked "forward to receiving an offer to be Dean at UB. I believe I will excel at it. It will be my sole focus." [Emphasis mine]
How “honorable,” huh?!?! Frankly, wouldn’t this pig’s embezzlement background give him good experience in baiting and financially ruining hundreds of young students each year? Hell, that should have led to him landing the position.
Other Coverage: On March 24, 2017, Jonathan Turley wrote a brilliant piece labeled “Minnesota Law Professor Charged With Massive Criminal Fraud.” Take a look at the following portion:
“University of Minnesota law professor Edward S. Adams is facing an astonishing criminal indictment over millions of missing funds from investors in his companies. The indictment says that Adams perpetrated an elaborate fraud on investors and fellow partners. According to the indictment, from 2006 to 2013, Edward S. Adams stole more than $4.38 million from investors and paid more than $2.54 million to his own law firm.
What is astonishing is that Adams is the second faculty member to face criminal charges on the Minnesota law faculty.
At the heart of the indictment is Adams’ involvement in Apollo Diamond, Inc.. Apollo’s founder was Adams’ father-in-law.
He allegedly embezzled funds and then, with the company facing insolvency, Adams allegedly had shareholders convert their Apollo stock into stock in a new company — Scio Diamond Technology Corp. He then allegedly siphoned off $2 million for his own accounts.
He is now facing eight counts of mail fraud and six counts of wire fraud.” [Emphasis mine]
Apparently, Cockroach Edward Adams felt that he wasn’t fleecing the public enough, as a “law professor” parasite at a state school. But at least he allegedly put his law degree to good personal use, right?!?!
Conclusion: The paid puppets at the University at Buffalo Law Sewer can parrot the line that this greedhead was not a candidate to be their dean when the charges were filed. However, the fact remains that he was one of five finalists for the post. That means that he was at least in the running. It was between him and four others to get the job. He also stole more than $4.38 million from his investors – and funneled a large portion of that figure to his own law firm and his own accounts.
Furthermore, according to the Buffalo News article cited above, he was an “expert” in corporate law and a former associate dean at the Univer$ity of Minne$ota. Plus, he visited them in February of this year. That was two months ago. He was also at the now 23rd “best” law school in the country, at the time. This big-ass indictment just came down on his head in late March 2017. And the dolts at SUNY want you to believe that he was not a serious candidate to lead this third tier cesspit – which is currently rated as the 106th greatest, most remarkable and amazing law school in the entire country. In the end, this type of conduct gives you a glimpse into the pigs’ mindset, i.e. minimal “work” and effort for maximum pay.
Posted by Nando at 4:29 AM