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Home » Columbia Trustee Got Sued for Securities Fraud — Then Left Her Pharma Firm Under a Cloud

Columbia Trustee Got Sued for Securities Fraud — Then Left Her Pharma Firm Under a Cloud

in Breaking News
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Shoshana Shendelman, a member of the prestigious Columbia board of trustees, has recently come under scrutiny for her alleged involvement in a hard-line pro-Israel faction within the board. The controversy surrounding her has only been amplified by the recent revelation that she was sued for securities fraud while serving as the CEO of a pharmaceutical company. This scandal has raised questions about her ethical and moral standards, and has left many wondering about her true intentions.

The Intercept, an investigative news outlet, first reported on the lawsuit against Shendelman. It was revealed that she and her colleagues were accused of making false and misleading statements to investors, resulting in millions of dollars in losses. This news has shocked the Columbia community and has sparked a debate about her suitability to serve on the board of trustees.

Shendelman’s involvement in a hard-line pro-Israel faction on the board has also been a cause for concern. While it is no secret that the board has diverse opinions and perspectives, Shendelman’s stance on Israel has been described as extreme by some. This has led to speculation that her personal beliefs may be influencing her decisions as a trustee, rather than acting in the best interest of the university.

However, despite these controversies, Shendelman’s supporters argue that she has been a valuable member of the board and has made significant contributions to the university. They point to her successful career as a business executive and her extensive philanthropic efforts as evidence of her dedication to Columbia. They also highlight her role in securing funds for various projects and initiatives at the university, which have greatly benefited the student body.

Furthermore, Shendelman’s resignation from her position as CEO of the pharmaceutical company in question has been seen as a responsible and ethical move. While the lawsuit against her is still ongoing, her decision to step down shows a sense of accountability and integrity. This should not be overlooked, as it speaks to her character and sense of responsibility.

It is important to note that the allegations against Shendelman are just that – allegations. Until a court of law has reached a verdict, she is innocent until proven guilty. It would be unfair to condemn her based on unproven accusations, especially given her contributions to the university and her resignation from her position.

In light of these recent events, it is imperative that the Columbia board of trustees conducts a thorough investigation into Shendelman’s alleged involvement in the pro-Israel faction and the securities fraud lawsuit. The university’s reputation and the trust of its students, faculty, and alumni are at stake. It is crucial that the board ensures transparency and accountability in this matter.

In conclusion, Shoshana Shendelman’s involvement in a hard-line pro-Israel faction on the Columbia board of trustees and the securities fraud lawsuit against her have raised concerns about her suitability as a trustee. However, her supporters argue that she has been a valuable member of the board and has made significant contributions to the university. It is important that the board conducts a thorough investigation into these matters, while also recognizing Shendelman’s contributions and her decision to step down from her position. Ultimately, the university’s best interests should be the top priority for all members of the board.

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