January 30, 2019

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The Chronicle

See Inside Marques Bolden starts to shine Page 8

T H E I N D E P E N D E N T D A I LY AT D U K E U N I V E R S I T Y

WEDNESDAY, JANUARY 30, 2019 DUKECHRONICLE.COM

ONE HUNDRED AND FOURTEENTH YEAR, ISSUE 36

Paradise Papers: Duke invested $10.3 Panel discusses U.S. gun violence million in controversial Brazilian company By John Markis Staff Reporter

Last Valentine’s Day, a gunman barged into Marjory Stoneman Douglas High School in Parkland, Fla., taking 17 lives. On Tuesday night, first-year Carlee Goldberg, a Parkland resident, moderated a panel on gun violence to discuss the repercussions of the shooting and the future of firearms in America. The four panelists concurred that the nation is failing to adequately protect its citizens under current firearm statutes. “If there’s a misunderstanding about guns in this country, it’s the thought that the Second Amendment cannot coexist with regulation,” said Darrell Miller, Melvin G. Shimm professor of law. “Constitutional law doesn’t work that way.” Philip Cook—ITT/Terry Sanford professor emeritus of public policy studies—grew up in rural North Carolina and noted that American gun culture has shifted See GUN VIOLENCE on Page 4

Selena Qian | Staff Graphic Designer

The leaked documents offer a rare look at how the Uni. manages its investment portfolio behind closed doors By Julia Donheiser

Corporation—Duke’s two investment groups—declined to comment on whether they were aware of the protests or Ferrous’ entanglement in the alleged money laundering scheme. Julianna Rennie Lawrence Baxter, the chair of Duke’s Advisory Committee on Staff Reporter Investment Responsibility, said the committee is “not in a position When the Paradise Papers made headlines in 2017, the to offer comment” on Duke’s investments in Ferrous because it is not confidential documents revealed Duke’s investments in Ferrous authorized to speak on behalf of the University’s investors. Resources—a company whose plans to build a controversial And although there is an established process for community pipeline sparked years of protests in Brazil. members to inquire about investments—as well as publicly available A new investigation by The Chronicle found the specific tax returns that must summarize Duke’s holdings—many details amount of those holdings: between 2008 and 2015, Duke about the University’s investments are still unclear. invested a total of $10.3 million in Ferrous. The Paradise Papers consist of 13.4 million confidential The University invested in Ferrous amid the company’s documents about offshore investments, which were leaked to entanglement in alleged government corruption. In 2012, journalists Frederik Obermaier and Bastian Obermayer at the the Brazilian federal police arrested German Süddeutsche Zeitung. The 28 people—mostly government newspaper shared the documents officials—for allegedly diverting with the International Consortium more than $13 million from the of Investigative Journalists, which city of Presidente Kennedy through then organized a global reporting public bidding fraud. collaboration. The Chronicle The police report alleges that million dollars is how much Duke held investigated the Paradise Papers as Ferrous was granted tax incentives in part of ICIJ’s Alma Mater project, in Ferrous as of December 2018 exchange for buying land at artificially which explores offshore investments high values from companies owned made by universities. by government officials. Ferrous submitted a brief to the court This investigation digs into the at least 10-year relationship stating that it was granted those incentives for bringing business between Duke and Ferrous, shedding a rare light on how the to the region. Further information about the trials—which are still University manages its investments behind closed doors. ongoing—is under an order of secrecy by the case’s judge. You can read our full methodology for the investigation online. As of December, the University’s holdings in Ferrous stand at approximately $1 million, wrote Michael Schoenfeld, vice Ten years of Duke and Ferrous president for public affairs and government relations. He declined With its high concentration of iron, gold and gemstones, Brazil’s to comment on whether Duke had sold shares since 2015. Iron Quadrangle has long been a lucrative region for mining. It Both Schoenfeld and Neil Triplett, president and CEO of Duke Management Company (DUMAC) and Gothic See FERROUS on Page 12 Contributing Reporter

Christina Zhang | Staff Photographer The Monday talk addressed gun violence in the U.S.

RECESS

Sundance Q&A: ‘Bedlam’ director, BLM founder talk mental health By Miranda Gershoni Staff Writer

Millions of Americans struggle with mental healthrelated illnesses every year, according to the National Alliance of Mental Illness, but many individuals are not fully aware of the workings of the mental health system. The haunting documentary, “Bedlam,” which just premiered at Sundance, marks a unique opportunity to shed light on this crisis to the masses. See SUNDANCE on Page 7

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