University of Wisconsin-Oshkosh

Report: $5.4 million in questionable UW transactions

University of Wisconsin System schools conducted about $5.4 million in questionable transactions with their private foundations between 2010 and 2017, according to a system report released Wednesday. None of the transactions were apparently illegal but they didn't always follow best practices, the report said.

System officials launched a review of transactions between schools and their foundations in January after accusing former UW-Oshkosh Chancellor Richard Wells and former UW-Oshkosh Chief Business Officer Thomas Sonnleitner of illegally transferring money from the school to its foundation.

The report analyzed 377 transactions of at least $5,000 between mid-2010 and the...