Skip to content
Subscriber Only

Harvard Overpaid for Timber as Romanian Agent Held for Bribery

An investment agent who represented Harvard University faces charges in Romania that he took more than $1 million in bribes to induce the school to buy forest land at inflated prices.

Dragos Lipan Secu arranged with unnamed sellers to artificially boost prices that Scolopax, a Harvard-owned company, paid for timberland between 2007 and 2009, anti-corruption prosecutors said in a statement Jan. 21, the day after Lipan Secu was arrested.