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Monday February 11, 2019 vol. CXLIII no. 6
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STUDENT LIFE
67 percent of sophomores admitted to bicker clubs
CHARLOTTE ADAMO:: PRINCETONIAN HEAD DESIGN EDITOR
Assistant News Editor
With 1,064 sophomore participants — 81 percent of the Class of 2021 — Street Week has come to a close. This year’s participation rate represents a four percent increase from last spring’s rate of 77 percent. The Interclub Council’s data, released exclusively to The Daily Princetonian, does not list statistics from individual selective clubs.
That data was provided at the discretion of each individual club or by anonymous sources. This spring, 837 sophomores, an increase of 84 from last year, bickered selective clubs, according to the ICC. Of those bickerees, 559 sophomores were admitted to selective clubs, according to the ICC, yielding an admittance rate of 67 percent. This acceptance rate is seven percentage points lower than last year’s.
BEYOND THE BUBBLE
Tiger Inn admitted 84 students — 41 men and 43 women — out of 214 total bickerees, according to TI president Maggie McCallister ’19. This admittance rate of 39 percent is a six percent decrease from last spring. According to RJ Hernandez ’19, president of the Cap and Gown Club, 287 students bickered Cap this spring. Of the 287, 99 sophomores and two juniors were admitted, yielding an admittance rate of 35 percent. This represents
a four percent decrease from last spring. Tower Club admitted 123 of 224 bickerees, according to Tower Club President Aliya Somani ’20. This represents an admittance rate of 55 percent. Last spring, 178 students bickered Tower and 70 percent of those students were admitted. According to a member of Ivy Club, the club admitted 71 new members. That member declined to estimate how many students bickered Ivy
STUDENT LIFE
Head Video Editor and Associate News Editor
Ford F. Graham ’86 and his wife Katherine B. Graham, who once resided on Prospect Avenue, allegedly defrauded members of their social circle by selling unregistered securities that they presented as profitable opportunities in gas and oil investments, according to a civil complaint filed against them. On Tuesday, Jan. 29, the New Jersey Bureau of Securities filed a lawsuit against the couple, alleging that they raised more than $5 million between Jan. 2012 and Jan. 2014 through loans and fraudulent sales of unregistered securities to investors in at least five states, including selling at least $1,910,000 of unregistered securities in New Jersey alone. At least three Princeton residents were among those allegedly defrauded. The Bureau of Securities alleged that the couple committed a number of violations of the New Jersey Securities Law, including “employing a device, scheme, or artifice to defraud” and “offer and sale of unregistered securities,” among other offenses. “We strongly deny the
In Opinion
claims made by the State of New Jersey,” Ford Graham wrote in an email to The Daily Princetonian. “When all the facts are revealed, we will prevail in court, and we look forward to that day as soon as is possible.” The couple allegedly raised the funds by selling promissory notes, purchase agreements for certain interests, and profit participation agreements and making loans through their holding companies: Specialty Fuels Americas, LLC, Aries Energy Group Venture, LLC, CCC Holdings, LLC, and Rattler Partners, LLC. They allegedly told investors that funds would be spent on oil and gas, but they allegedly transferred the funds into their holding companies and personal accounts. The couple also allegedly “misappropriated a significant portion of the investors’ money to fund personal expenditures including, but not limited to, luxury vacations at five star resorts, private school tuition, summer camp payments, and payments to his country club,” according to the lawsuit. “Ford Graham and his wife allegedly used their social connections in the affluent See PONZI page 2
Contributing columnist Leora Eisenberg espouses the importance of setting aside personal time amidst a busy schedule, and contributing columnist Jasman Singh proposes making the mandatory writing seminar PDFonly so that it is more conducive to learning. PAGE 6
See CLUBS page 2
STUDENT LIFE
Princeton couple allegedly defrauded community By Sarah Warman Hirschfield and Linh Nguyen
Club this spring. Last spring, 209 students bickered. According to several anonymous sources, Cottage Club admitted 90 students out of approximately 210 students. Last year, a club member estimated that around 80 of 208 bickerees were admitted to Cottage Club. Additionally, Cannon Dial Elm Club admitted 105 of over 200 bickerees, several anonymous sources told the ‘Prince.’
First USG meeting of year discusses finances By Oliver Effron
Assistant News Editor
COURTESY OF GOPRINCETONTIGERS
The Department of Athletics determined that Cannady has served the appropriate suspension from competition.
Basketball standout Cannady ’19 reinstated By Ivy Truong and Jack Graham
Head News Editor and Head Sports Editor
Less than a month after he was suspended for violating team rules, men’s basketball standout Devin Cannady ’19 resumed play this weekend as the Tigers took on Yale and Brown. After the University completed its own investigation of Cannady, the Department of Athletics determined that Cannady has served the appropriate suspension from competition. “Princeton University takes issues of student conduct very seriously and responds in accordance
with established policies and procedures,” University spokesperson Ben Chang wrote in a statement to The Daily Princetonian. “The University investigates and adjudicates each individual case in a thorough and thoughtful manner.” Cannady did not immediately respond to a request for comment from the ‘Prince.’ Cannady was suspended on Jan. 18 after an incident during which he allegedly swung at a Department of Public Safety officer in Wawa. At the time, he was charged with aggravated assault, resisting arrest, and See CANNADY page 2
Today on Campus 12:00 p.m.: “Program in Translation and Intercultural Communication” Louis A. Simpson International Building, Room 144
The new Undergraduate Student Government administration has big plans — and a slightly smaller budget. During the first USG Senate meeting under the new administration, USG president Zarnab Virk ’20 and vice president Chitra Parikh ’20 led a discussion about government finances, a rally for detained graduate student Xiyue Wang, and an art museum fashion show. The meeting began with an address about the state of the USG financial budget. Though a formal budget is not due until next week, the current balance is $209,172 — a lower amount compared to the beginnings of previous administrations, according to USG treasurer Bradley Spicher ’20. According to Spicher, the main expenses last semester were Lawnparties, buses to the football match at Yale, and the subsequent bonfire on Cannon Green. See USG page 4
WEATHER
By Zack Shevin
HIGH
38˚
LOW
28˚
Cloudy chance of rain:
20 percent