Cost Comparison – Community vs. For-Profit Colleges On November 20, 2012, Ozarks Technical Community College in Springfield, Missouri released a video on Vimeo that compared its annual cost to attend its school to the cost of attending for-profit colleges. Ozarks Technical Community College compared the cost of attending its school compared to Bryan, ITT Tech,...
Report: For-Profit Colleges Preying On Returning Veterans On November 17, 2012, the Merced Sun-Star reported fears that for-profit colleges preying on returning veterans using the Post-9/11 GI Bill are all too real. The author believes the GI Bill is problematic because GIs are viewed merely as “dollar signs in uniform.” For-profit colleges are eager to sign...
SEC Publishes a Foreign Corrupt Practices Act Resources Guide The United States Securities and Exchange Commission (“SEC”) published a new resource guide for the Foreign Corrupt Practices Act (“FCPA”). The FCPA prohibits the payment of bribes to foreign officials to assist in obtaining or retaining business. The FCPA can apply to prohibited conduct anywhere in the world...
For-Profits: The Secret Is Out On November 2, 2012, Tuition IO reported that for-profit colleges are starting to suffer from significant drops in enrollment lately likely caused by increased competition from nonprofit colleges as well as increasing numbers of students becoming informed about the dangers of for-profit schools. In short, the secret is out on...
Whistleblower Retaliations Growing Two recent studies show that retaliation against whistleblowers in the workplace is growing – and companies are falling short in their responsiveness to employees. The studies in question are a supplement to the 2011 National Business Ethics Survey (“NBES”) by the Ethics Resource Center and “Retaliation in the Workplace” by Navex Global...
Security Agencies and Whistleblowers – New Presidential Directive On Wednesday, October 10, 2012, President Obama issued a Presidential Policy Directive with regard to security agencies and whistleblowers, extending whistleblower protections to national security and intelligence employees. For whistleblowers and their advocates, this is an important victory. The directive outlines actions like: A prohibition on retaliation in the...
Courageous Whistleblower Exposes Foreign Currency Manipulation at BNY Mellon In the past few weeks, we have heard about the ongoing state and federal investigations into the foreign currency manipulation costs for pension funds by the Bank of New York Mellon. The investigations were brought about as a result of whistleblower Grant Wilson, who was a...
Ranbaxy Labs Punished for Defrauding FDA Standards Last December, the company Ranbaxy Laboratories agreed to pay the government $500 million and accept a consent decree as a result of numerous violations in their manufacturing practices. Under the agreement, Ranbaxy will be unable to produce pharmaceuticals for the United States until it raises the standards of...
GAO Reports On The Experiences of Undercover Students On October 31, 2011, The United States Government Accountability Office (GAO) released a report on For Profit Colleges entitled “FOR-PROFIT SCHOOLS Experiences of Undercover Students Enrolled in Online Classes at Selected Colleges.”The GAO conducted an investigation of 15 for-profit colleges, including the 5 largest for-profit colleges, and...
New York Hospital Pays $13.4 million in Medicare/Medicaid Fraud On September 5, 2012, The New York Daily News reported that a New York hospital will pay $7.56 million to the state and $5.84 million to the federal government to settle a lawsuit alleging fraudulent Medicare and Medicaid programs The Brooklyn U.S. attorney’s office and office...