Senator Charles Grassley (R-IA) has written to the heads of the U.S. Department of Veterans Affairs (VA) and the Securities and Exchange Commission seeking information on allegations that a senior VA official named Charmain Bogue may have disclosed inside information useful to Wall Street short sellers.
Ms. Bogue is married to Barrett Bogue who works for an outside group called Veterans Educational Success (VES), a critic of for-profit colleges. On March 9, the VA issued a press release announcing its intent “to suspend enrollment of new GI Bill students” in certain for-profit schools.
VES beat the VA to the punch on the news, which tanked the stocks of several for-profit education companies. VES issued a press release earlier in the day praising the VA decision before it was actually announced. The VA ultimately backed off its threat to bar certain schools, but the question persists of just … Read More ➡
President Donald Trump’s State of the Union address last Tuesday night offered some sensible recommendations for immigration reform. Unfortunately, he omitted a few things – such as the need to fix the EB-5 visa program. The EB-5, authorized by the Immigration Act of 1990, allows persons from abroad who invest in a U.S. startup business to become lawful permanent residents. All too often, it is an invitation to fraud and self-dealing.