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 ➡
About a decade ago, NLPC confronted a network of forces with undisclosed financial interests and ideological motives set out to destroy an entire industry.
They launched a campaign targeting companies who engage in the business of higher education because they earn profit and compete with the much larger traditional non-profit schools. The campaign included a lengthy Senate inquiry, complete with controversial hearings and over-hyped government reports like the “hatchet job” that the U.S. Government Accountability Office (GAO) had to take the virtually unprecedented step of correcting.
At the time, NLPC was critical of Senator Tom Harkin (D-IA) and his staff for working with officials in the Obama administration’s Department of Education and outsiders seeking to profit from their effort to destroy for-profit colleges.
So, naturally it piqued our interest to learn that some of the old players appear to have been running the same playbook, this … Read More ➡