A cybersecurity research nonprofit affiliated with LSU paid its executive staff millions without approval, misused state funds and possibly retained as an attorney a contractor who wasn’t licensed to practice law, an audit released last week found.
The report from the Louisiana Legislative Auditor said LSU may have violated the Louisiana Constitution and state law by failing to properly oversee the nonprofit Stephenson Technologies Corporation, or STC. The LSU Board of Supervisors approved STC as an affiliate in 2015 to secure federal contracts for the university.
In a statement Thursday, LSU System President Wade Rousse said he had directed Chancellor Jim Dalton to “immediately evaluate STC’s sustainability as a partner.”…