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University of Louisville Sues Former President James Ramsey

The University of Louisville Board of Trustees will sue former President James Ramsey, his chief aid Kathleen Smith, and others for misusing university funds.

The lawsuit that will be filed today in Jefferson Circuit Court alleges that from 2008 to 2016, Ramsey and others took millions from the UofL Foundation’s endowment to make unauthorized, risky investments.  They allegedly attempted to hide the transactions to excessively compensate themselves.

The new chair of the board, David Grissom, said in a release: “Millions of dollars of donations originally intended for the benefit of the University and its students instead were used to pay excessive compensation.” He adds, “Other funds were directed toward risky and inappropriate investments, and spending regularly exceeded the Foundation’s own policy.”

Click here to read the entire lawsuit and the report from WDRB.

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Article written by Nick Roush

"Look upon the doughnut, and not upon the hole." @RoushKSR

21 Comments for University of Louisville Sues Former President James Ramsey



  1. foamfinger
    11:58 am April 25, 2018 Permalink

    As a Kentuckian, I hope that all misuse of donations and tax-payer funds are prosecuted to the fullest extent of the law. I know there are a lot of UK fans who are glad to see UofL crashing and burning, but I’m extremely happy that they are cleaning house. I’ve heard some stuff secondhand concerning UK’s Board of Trustees and President Capiluto, and if those things are true, I would hope they would also be held accountable.



    • secrick
      12:37 pm April 25, 2018 Permalink

      Yeah Right



    • Cletis75
      2:41 pm April 25, 2018 Permalink

      As a concerned Kentuckian, I hope someone catches and exterminates that thing on his head before it multiplies and becomes a major problem. I am going to get 2 more dogs for extra protection whilst I sleep. Ohhhh the humanity!



  2. patrickwhelan
    12:06 pm April 25, 2018 Permalink

    I cannot believe they aren’t taking Jurich down with this crew. They were all in on the grift from the very beginning.



  3. sprtphan
    12:09 pm April 25, 2018 Permalink

    He didn’t do it.



  4. RackEmWillie
    12:12 pm April 25, 2018 Permalink

    Why is his hair like that?



    • Smyrna_Cat
      12:19 pm April 25, 2018 Permalink

      What hair?



    • njCat
      12:31 pm April 25, 2018 Permalink

      The hair says it all…



  5. jimmer
    1:05 pm April 25, 2018 Permalink

    “Bologna head” never looked more accurate than this picture.



  6. njCat
    1:20 pm April 25, 2018 Permalink

    Why no criminal indictments!? Attorney General should be all over this.



    • Bluebloodtoo
      1:46 pm April 25, 2018 Permalink

      Criminal indictment would be much easier and cheaper after the civil lawsuits provide all the evidence. Lol



    • Bluebloodtoo
      1:47 pm April 25, 2018 Permalink

      Also, criminal lawsuits won’t likely bring any funds back to the university.



    • njCat
      3:25 pm April 25, 2018 Permalink

      There should be both civil AND criminal suits against these crooks. They are blatant arrogant thieves.



  7. Buffalo Cat
    1:59 pm April 25, 2018 Permalink

    Dude needs to give up on that comb over.



  8. runningunnin.454
    2:12 pm April 25, 2018 Permalink

    Dammit, I’m out of popcorn.



  9. trumpetguy
    2:20 pm April 25, 2018 Permalink

    Guys hair is the least of his problems! Looks like wide spread fraud/corruption from school president all the way down through athletic department. Both Peter and Paul ( and many subordinates) have both hands in the cookie jar. Consequently, everyone looks the other way because if one domino were to fall, then the ENTIRE stack will crumble as well…..and apparently many have and will continue.



  10. Mathlete
    2:38 pm April 25, 2018 Permalink

    My baloney has a first name, it’s “C-R-O-O-K.” My baloney has a second name it’s “T-H-I-E-F”….



  11. jaws2
    4:34 pm April 25, 2018 Permalink

    The current state attorney general won’t touch this with a 10 foot pole.



    • Mathlete
      7:04 pm April 25, 2018 Permalink

      Beshear is a little busy trying to teach our Assembly how laws work



    • sprtphan
      8:11 pm April 25, 2018 Permalink

      No. Just running for governor.