kstreetfriend

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Wednesday, February 16, 2005

 

Kaplan, Inc., Apparent Inflated Enrollment, S.E.C., FBI...



The current unexplained campaign against "free speech" appears to be little more than a Madison Avenue scheme to control any discussion of the President's desire to privatize higher education.

That is, a number of for-profit colleges have faced inquiries, lawsuits and other actions calling into question the way they inflate enrollment to mislead/increase the value of their parent company's stock.

In the last year, the Career Education Corporation of Hoffman Estates, Ill., has faced lawsuits, from shareholders and students, contending that, among other things, its colleges have inflated enrollment numbers. In addition, F.B.I. agents raided 10 campuses run by ITT Educational Services of Carmel, Ind., looking for similar problems.

But there is a bigger can of worms.

Kaplan, Inc., is wholly own by the Washington Post Company. For-profit postsecondary education has turned the company around and individuals far more powerful than Martha Steward have made millions. However, there is a nominal "Watergate" styled federal court proceeding (scandal) involving campus "free speech," that could expose the administration's violation of public trust

In short, I provided the S.E.C., Department of Education, and federal courts information that appears to prove Kaplan inflated the Concord School of Law enrollment, telling investors that the “flagship” of its higher education division has as many as 600 to 1000 or more students.

I also provided evidence to prove apparent violations of sections 10(b) and 20(a) of the Exchange Act and Rule 10b-5 promulgated thereunder.

However, in an attempt to protect important icons of the Washington and New York financial/political circle, hacks have been hired to stir a free speech controversy.

But even Stan Chess (En Passant) innocently questioned the obvious - a clear violation of the federal securities laws.

"Kaplan's Concord School of Law says it's one of the largest law schools in the country, yet for each administration only about 25 of its graduates sit for the bar exam. What happens to the hundreds of other students in each class?"

What are you willing to do?



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