CNN.com - State investigates Yale divinity school - Oct. 10, 2002 NEW HAVEN, Connecticut (AP) -- A state investigation into alleged financial mismanagement at Yale's Berkeley Divinity School found misspent scholarship money and little oversight of the school's credit cards.
The problems, identified Wednesday in a letter to the school from Attorney General Richard Blumenthal, have been corrected, officials at Berkeley and Yale University said.
Most of the problems cited in the attorney general's letter were identified earlier in an audit by Yale, which has a close affiliation with Berkeley.
Problems included loans to staff and advances on paychecks that were not repaid. Auditors and the attorney general said about $6,000 from Berkeley was used by William Franklin, the school's former dean, to pay the tuition of his daughter at Harvard Medical School.
The investigation also found $112,912 missing from Berkeley's scholarship fund, and lack of oversight on use of the school's credit card.
The Rt. Rev. Frederick Borsch, Berkeley's acting dean, said the missing money was spent on student retreats and other student services. The money has been restored to the fund, he said.