HIGHER EDUCATION BUBBLE UPDATE: Duke University Agrees to Pay U.S. $112.5 Million to Settle False Claims Act Allegations Related to Scientific Research Misconduct.

Plus, if you’re working at a university and have knowledge of fraud, take note: “The allegations were originally brought in a lawsuit filed by Joseph Thomas, a former Duke employee, under the qui tam, or whistleblower, provisions of the False Claims Act, which permit private individuals to sue on behalf of the government and share in any recovery. The Act permits the government to intervene in and take over the whistleblower’s suit, or, as in this case, for the whistleblower to pursue the action on the government’s behalf. Mr. Thomas will receive $33,750,000 from the settlement.” Nearly 34 million. Not bad.