NEW YORK(CBSNewYork) — An administrator at Baruch College’s Zicklin School of Business is in hot water for allegedly forging professor’s names in order to raise the grade point averages of students studying for masters degrees, according to the New York Post.

Chris Koutsoutis, an administrator of the school’s executive programs was discovered to be forging signatures on ‘change of grade’ forms according to an internal CUNY investigation.

The investigation found that as many as fifteen students may have had their grades altered to maintain their eligibility for the program.

Many of the students are mid-level Wall Street workers, whose firms were paying their tuition.

Tuition at Baruch ranges from $45,000 to $75,000, if the students had failed out, the checks would have stopped coming.

An insider told the Post that “It was done for money. They get a lot more money from those students, they don’t want to lose those people, so they changed their grades.”

Law enforcement agencies have been alerted, but a spokeswoman for Baruch would not indicate whether or not students where aware of the scheme.

Koutsoutis refused to comment on his involvement in the alleged scheme.

How should authorities and the administration handle this situation? Let us know in our comments section below…

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