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He also again hit out at the school's governing board, saying it has become insular and that there is no mechanism to remove members the way there is in corporate America where investors can run board challenges. BEVERLY HILLS, May 6 (Reuters) - Billionaire investor Bill Ackman on Tuesday said Harvard University, one of the nation's oldest and wealthiest, should not be entitled to taxpayer funds when the school wastes money on what he calls "administrative bloat." '[It's] terrifying … that someone has been documented, that a Brazilian national fled the country because they were convicted for rape of a 13-year-old and could come to Massachusetts and not only disappear into the fabric of Massachusetts, but actually be living in a home that was a daycare center for young people,' Worcester County Sheriff Lew Evangelidis told Boston 25 News.  Lucas was convicted by the Sole Court of the District of Serro, Minas Gerais, Brazil, December 6, tutoring agencies near me 2016, of rape of a vulnerable person and sentenced to serve nine years and four months incarceration.  Ackman has long been at odds with Harvard, criticizing the university for not doing enough to protect students from antisemitism.

Early last year he launched an unsuccessful bid to get four candidates on the ballot for a governing board. "What happens when you have a board that can self-appoint itself, and it becomes insular, and with a $53 billion endowment, they think, okay, we can just do whatever is on our mind." (Reporting by Svea Herbst-Bayliss with additional reporting by Gram Slattery and Jarrett Renshaw Editing by Marguerita Choy) The U.S. Department of Education informed Harvard on Monday that it was freezing billions of dollars in future research grants and other aid until the university concedes to a number of demands from the Trump administration, a senior department official said.

"They have lost all future grants, their tax exemptions are at risk," Ackman said on a panel at the Milken Institute Global Conference where 5,000 financiers, educators and scientists gather to discuss critical issues of the day. The financier runs New York-based hedge fund firm Pershing Square Capital Management and has been a vocal supporter of Trump's policies on tariffs and spending. Harvard is "a collection of buildings, nice real estate" located in Cambridge, Massachusetts next to the Charles River, he said.

Harvard responded that the administration letter doubles down on demands that would impose "unprecedented and improper control" over the university and makes new threats to "illegally" withhold funding for lifesaving research.