"Despite being implicated in what Variety called a "Ponzi scheme" only three years earlier, Colbeck Capital's shell non-profit was able to get approval from the US Department of Education to acquire the schools."
https://www.thelayoff.com/t/1eaktNIC
2 replies (most recent on top)
And where's Colbeck Foundation's IRS 990 for 2019?
Any idea why a community bank in Virginia would issue a $50 million Main Street Loan to South University, essentially to pay back Colbeck?