Friday, October 24, 2014

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Iona College Removed from Forbes List for Falsifying Data

Forbes Magazine removed four colleges from its list of best colleges after it was found they falsified data which was supplied to the magazine to make their colleges appear more competitive.

Among the four is one Catholic college -- Iona College in New York, which reportedly “lied about acceptance and graduation rates, SAT scores and alumni giving for nine years starting in 2002.”

“As a penalty for their dishonesty–and an acknowledgment of the growing scope of the problem–we are removing the four institutions from our list of the country’s best schools for two years,” stated Forbes Magazine.

Iona College President Joseph E. Nyre, Ph.D., released a statement saying he was disappointed in Forbes’ decision, especially because the college self-reported the scandal two years ago. “Approximately two years ago, Iona College discovered student and operating performance-related data had been misreported to certain external government and regulatory agencies,” he said.“The College immediately adopted a policy of total transparency and responded to this discovery by informing legal counsel, retaining a forensic accounting firm to thoroughly investigate the issue, and notifying each external agency of the misreporting.”

Since the initial incident, he said the college has made administrative staff changes, hired external accounting firms to audit all data, and self-reported findings to external agencies.

Nyre said that he is proud of how the college has responded to the scandal, saying, “As I have mentioned in the past, the measure of the College, or one’s life for that matter, is not the tally of problems or their severity; rather, it is the method in which we move to correct and resolve such problems and prevent them from recurring in the future.”

The other three institutions removed from consideration by Forbes are Claremont McKenna College, Bucknell University, and Emory University.

In 2012, Villanova University law school was placed on probation for two years by the Association of American Law Schools for grade inflation of incoming freshman, according to the Pittsburgh Post-Gazette.

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