June 18, 2013: A New York Times article exposes more questionable loans to NYU elite. As if primary residences weren't enough, NYU is now buying them vacation homes!
According to the article, NYU loaned $600,000 to John Sexton for a vacation home on Fire Island; helped buy a summer home on 65 acres in Litchfield County for former Law School Dean Richard Revesz, bringing the amount he owes the university to $5.7 million; and gave Executive Vice President Martin Dorph a $200,000 loan on a home in Bucks County, PA that he already owned.
You can read the full article online here.
