3e884de5__Private_Postsecondary_Schools__Explanation
[Institution] Wesleyan U. (Conn.) [Tax year] 2010 [Explanation] 
In October 2009, the university was made aware of a potential diversion of assets involving an employee. We view this misconduct as an employment matter and are seeking restitution based in part on salary paid for the number of years the person was employed. While employed by the university, and in violation of his employment agreement with the university and university policy, the employee engaged in non-approved outside investment activities for a number of years. An exact amount is not ascertained at this time, since it is in active litigation, but is expected to exceed $250,000. In 2007, the university implemented more robust conflict of interest and whistleblower policies, which were vital to the discovery of this diversion. As a result, the university continues to enhance employee education regarding these policies. One example of enhancement involves the utilization of technology. Employees are now required to agree to these policies every year prior to signing into university systems.
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Explanation