I alway thought jesus colleges were a bad idea........
I don't think Gaylen went to a bible law school, do you?
..."Gaylen Byker has been on the board of InterOil since 1997. During that time period, he has accumulated a lot of InterOil shares. Byker meanwhile had been President of Calvin College from 1995-2012. Partially because of Byker's losing and risky investments, he left Calvin College's finances in shambles in 2012. One of the school's worst investments was the Fuller Fund. This fund, which Byker was also a director of, happened to have a gigantic investment in a vehicle, APRI LP, that had a gigantic investment in IOC stock. Byker also personally had a large position in APRI LP. Interestingly enough, both Byker, and the chief investment manager of the Fuller Fund, Samuel DeCamp, had both quit (got fired?) their previous jobs in 2012, and on July 2, 2012, Delcamp joined InterOil's board and Byker became the Chairman of InterOil's board.
Did Byker and Delcamp use Calvin College and the Fuller Fund to enrich themselves?
Let's dig deeper into the facts.
On the Fuller Foundation's 990 form for the year 2011, it shows that Samuel Delcamp was the executive director on page 7. He happened to get paid a whopping $1.5M in compensation, but that's beside the point.
The fund owned a 65.07% ownership of Asia-Pacific Refinery Investment LP (APRI LP)(see page 46). A 990 form is what tax-exempt non-profit companies must submit to the IRS to show there are no conflict of interests and no fraudulent activity. I couldn't find the 2010 990 form, but the 990 form filed in 2009 doesn't show any holdings of APRI LP....."