Student Expelled for Misusing Funds

PRINCETON, N.J.--A Princeton University senior has been expelled for misusing, perhaps illegally, more than $13,000 that was collected last year for the Campus Fund Drive, The Daily Princetonian reported.

Eric R. Keller, former executive director of the fund drive, apparently invested the money, and lost some of it, in a series of transactions that have not yet been fully explained, sources in the student affairs office said.

All beneficiaries of the 1979 fund drive received their money, but three groups received money very late.

Keller said he had been "overzealous in trying to make money for the drive" and added that he had made up several hundred dollars in investment losses from his own pocket.

Sources in the student affairs office, however, said the university was investigating the possibility that Keller intended to keep any profit he made.

Keller was active in campus politics and was chairman of University Democrats.

According to university rules, an expelled student may not be readmitted.