ðə sˈuːt sˈɛz ðə dᵻfˈɛndənts nˈoʊɪŋli kˈɔːzd ðə faʊndˈeɪʃən tə spˈɛnd ɛndˈaʊmənt fˈʌndz æɾ ɐn ɛksˈɛsɪv ɹˈeɪt ænd ðæt ðeɪ tˈʊk ɛndˈaʊmənt mˈʌni ðæt ʃˌʊdəv bˌɪn ɪnvˈɛstᵻd ænd daɪvˈɜːɾᵻd ɪt tə spˈɛkjʊlətˌɪv vˈɛntʃɚz, lˈoʊnz, ænd ɡˈɪfts ðæt hæd lˈɪɾəl ɹiːəlˈɪstɪk tʃˈæns ʌv ɹᵻpˈeɪmənt.
The suit says the defendants knowingly caused the foundation to spend endowment funds at an excessive rate and that they took endowment money that should have been invested and diverted it to speculative ventures, loans, and gifts that had little realistic chance of repayment.