College Owner Who Heads DeVos Panel Is Sued By Mother For Alleged Fraud and Theft
Arthur Keiser, the politically-connected “Chancellor and CEO” of Florida-based Keiser University, has been sued by his 96-year old mother for allegedly cheating her out of income generated by businesses they own together — an escalation of a messy family dispute over a lucrative for-profit college fortune, with damaging charges and counter-charges and an effort by
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Report Exposes For-Profit College Abuses in Converting to Non-Profits
An investigative report released this morning documents how some for-profit college owners have converted their companies into non-profit schools in a way that allows them to evade the regulatory obligations and deservedly bad reputation of for-profits while continuing to reap enormous financial benefits. These operators have done so, the report finds, by subverting the rules governing non-profit schools, while the
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Who Wrote the For-Profit College Group Handbook Urging Members Not To Lie to Students?
The lobbying group of for-profit colleges, APSCU, today released a report, “Best Practices in Recruitment and Admissions.” State and federal authorities, and private lawyers, have been investigating for-profit colleges, and winning settlements, arbitrations, and jury verdicts in cases where recruiters used coercive tactics and made false promises to prospective students about college costs, job placement rates,
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If A For-Profit College Becomes a Non-Profit, Is That Good? Not Necessarily
In the past two years, as the public has come to recognize that many for-profit colleges have been ripping off taxpayers and ruining students’ lives, enrollments have declined, and the once-mighty industry has gone into a tailspin. A number of schools, such as American Career Institute and ATI have abruptly shut down many or all of their campuses,
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