Sunday, February 05, 2006

Hwang "misspent" funds

A wise Man once said, "One who is faithful in a very little is also faithful in much, and one who is dishonest in a very little is also dishonest in much." (Jesus, quoted in Luke 16)

Well, it turns out that the veterinarian, Hwang Woo Suk, could not be trusted with the smallest of things, human embryos, and he mispent at least $2 million of the $31 million the South Korean government gave him.

From Forbes:

Through last year, Hwang received $31.8 million in government funds for his research as well as $6.2 million from private donations, the board said. It was unable to account for $2.6 million of those funds.

Separately, Hwang was also found to have personally received an additional $3.5 million in unaccounted for private donations, the auditor said.

"The government and companies provided professor Hwang Woo-suk with a lot of research funds," the board said in a statement. "But professor Hwang didn't follow appropriate accounting procedures."

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