A university spokesman said: “UCL does not approve of or condone this site. We therefore advised the student to take the site down, but he declined to do this. UCL has no jurisdiction over the site, as it is not UCL-hosted. We have, however, taken disciplinary action against the student for bringing the college into disrepute and he has been fined.”
Lavish spending can be disastrous. Don't buy any lavishes for a while.