The University of the South is aware of the recent arrest of an alumnus, who has been charged under federal law with promoting a prostitution business. The charges are very serious and the alleged facts underlying them are profoundly disturbing. Noting the presumption of innocence of the accused in the judicial system, the University will closely follow the adjudication of this case. We will assess what actions may be appropriate for us to take at a later date pending the legal resolution of this matter.