The College of DuPage's top two finance officials were put on administrative leave Tuesday afternoon amid the release of an internal audit that blasted the school's investment policies.
The scathing review – which college officials now say was buried for months -- found multiple instances in which the college violated its own investment policies. One decision cost the college nearly $2 million in a single, high-profile fund, according to the audit.
In light of the report, college treasurer Thomas Glaser and controller Lynn Sapyta were placed on paid leave Tuesday while the financial investigation continues. The school's board of trustees plans to consider hiring a financial services firm at its meeting later this week.
The Chicago Tribune has the story.
