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Corinthian college loans erased
Posted by: RgrF
Date: June 01, 2022 09:41PM
Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled, the Biden administration announced Wednesday, a move that aims to bring closure to one of the most notorious cases of fraud in American higher education.
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Re: Corinthian college loans erased
Posted by: Fritz
Date: June 01, 2022 09:44PM
good news for sure, but will any one do a moment of jail time for fraud and who know what else?



!#$@@$#!

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Re: Corinthian college loans erased
Posted by: RgrF
Date: June 01, 2022 09:47PM
White collar crime doesn't create headlines, so probably no significant prosecutions. Now if they were to go after TrunpU grift, that'd make thnews above the fold.
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Re: Corinthian college loans erased
Posted by: NewtonMP2100
Date: June 01, 2022 10:18PM
....what about.....Corinthian leather......???



_____________________________________

I reject your reality and substitute my own!
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Re: Corinthian college loans erased
Posted by: mrbigstuff
Date: June 01, 2022 10:36PM
That's rich.
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Re: Corinthian college loans erased
Posted by: vision63
Date: June 01, 2022 11:52PM
Quote
RgrF
White collar crime doesn't create headlines, so probably no significant prosecutions. Now if they were to go after TrunpU grift, that'd make thnews above the fold.

Yes it did. Made all the news cycles in 2016.

Attorney General Kamala D. Harris Obtains $1.1 Billion Judgment Against Predatory For-Profit School Operator
[oag.ca.gov]
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Re: Corinthian college loans erased
Posted by: Racer X
Date: June 01, 2022 11:58PM
Quote
vision63
Quote
RgrF
White collar crime doesn't create headlines, so probably no significant prosecutions. Now if they were to go after TrunpU grift, that'd make thnews above the fold.

Yes it did. Made all the news cycles in 2016.

Attorney General Kamala D. Harris Obtains $1.1 Billion Judgment Against Predatory For-Profit School Operator
[oag.ca.gov]

any jail time? I didn't see any.



********************************************
“A sword never kills anybody; it is a tool in the killer's hand.” Seneca the Younger

The police have no duty to respond. See Castle Rock v. Gonzales, 545 U.S. 748 (2005) or Warren v. District of Columbia[1] (444 A.2d. 1, D.C. Ct. of Ap. 1981)

Judge Lee wrote that “we cannot jettison our constitutional rights, even if the goal behind a law is laudable." 9th Circuit Court of Appeals

[www.youtube.com]
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Re: Corinthian college loans erased
Posted by: RgrF
Date: June 02, 2022 12:04AM
Quote
vision63
Quote
RgrF
White collar crime doesn't create headlines, so probably no significant prosecutions. Now if they were to go after TrunpU grift, that'd make thnews above the fold.

Yes it did. Made all the news cycles in 2016.

Attorney General Kamala D. Harris Obtains $1.1 Billion Judgment Against Predatory For-Profit School Operator
[oag.ca.gov]

Any jail time for the perps or was the judgment merely a cost of doing business that eventually was filed under chapter 7?
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Re: Corinthian college loans erased
Posted by: Racer X
Date: June 02, 2022 12:10AM
exactly. If the penalty is less than the profit, it's just the cost of doing business. Even better if the person/people paying the penalty aren't those making the profit.



********************************************
“A sword never kills anybody; it is a tool in the killer's hand.” Seneca the Younger

The police have no duty to respond. See Castle Rock v. Gonzales, 545 U.S. 748 (2005) or Warren v. District of Columbia[1] (444 A.2d. 1, D.C. Ct. of Ap. 1981)

Judge Lee wrote that “we cannot jettison our constitutional rights, even if the goal behind a law is laudable." 9th Circuit Court of Appeals

[www.youtube.com]
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Re: Corinthian college loans erased
Posted by: vision63
Date: June 02, 2022 12:23AM
Quote
RgrF
Quote
vision63
Quote
RgrF
White collar crime doesn't create headlines, so probably no significant prosecutions. Now if they were to go after TrunpU grift, that'd make thnews above the fold.

Yes it did. Made all the news cycles in 2016.

Attorney General Kamala D. Harris Obtains $1.1 Billion Judgment Against Predatory For-Profit School Operator
[oag.ca.gov]

Any jail time for the perps or was the judgment merely a cost of doing business that eventually was filed under chapter 7?

Might as well just give Corinthian the money back. Nobody is being helped.
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Re: Corinthian college loans erased
Posted by: Fritz
Date: June 02, 2022 06:30AM
as I understand "obtained a judgement", doesn't mean anyone paid a penny. Just means they should.

In looking up the 5 principle thieves below, all appear to be living happily ever after at 75 ish. I'm sure non of them are multi millionaires what ripped off students, now the Fed, IE: you & me.

[en.wikipedia.org]
David Moore
Paul St. Pierre
Frank McCord
Dennis Devereux
Lloyd Holland



!#$@@$#!

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Re: Corinthian college loans erased
Posted by: JoeH
Date: June 02, 2022 11:11AM
Quote
Fritz
as I understand "obtained a judgement", doesn't mean anyone paid a penny. Just means they should.

In looking up the 5 principle thieves below, all appear to be living happily ever after at 75 ish. I'm sure non of them are multi millionaires what ripped off students, now the Fed, IE: you & me.

[en.wikipedia.org]
David Moore
Paul St. Pierre
Frank McCord
Dennis Devereux
Lloyd Holland

From this article - [meaww.com] - it appears most of the founders were gone from Corinthian by 2010 or earlier after taking their pay and cashing in their stock.
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Re: Corinthian college loans erased
Posted by: vision63
Date: June 02, 2022 01:08PM
For some reason, people think somebody going to jail for a few months is the end all, be all of justice. It isn't.
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Re: Corinthian college loans erased
Posted by: Racer X
Date: June 02, 2022 01:33PM
Quote
vision63
For some reason, people think somebody going to jail for a few months is the end all, be all of justice. It isn't.

It accomplishes far more than a judgement that will never be satisfied because there is no money for the payout. If the penalty is less than the profit, it's the cost of doing business. Now, long jail terms mean something.

Something big like this likely qualifies for a RICO criminal trial with real time to serve.



********************************************
“A sword never kills anybody; it is a tool in the killer's hand.” Seneca the Younger

The police have no duty to respond. See Castle Rock v. Gonzales, 545 U.S. 748 (2005) or Warren v. District of Columbia[1] (444 A.2d. 1, D.C. Ct. of Ap. 1981)

Judge Lee wrote that “we cannot jettison our constitutional rights, even if the goal behind a law is laudable." 9th Circuit Court of Appeals

[www.youtube.com]
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Re: Corinthian college loans erased
Posted by: vision63
Date: June 02, 2022 02:16PM
Quote
Racer X
Quote
vision63
For some reason, people think somebody going to jail for a few months is the end all, be all of justice. It isn't.

It accomplishes far more than a judgement that will never be satisfied because there is no money for the payout. If the penalty is less than the profit, it's the cost of doing business. Now, long jail terms mean something.

Something big like this likely qualifies for a RICO criminal trial with real time to serve.

In your dreams if you think first time offenders would serve more than months. There are bigger considerations.
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Re: Corinthian college loans erased
Posted by: Paul F.
Date: June 02, 2022 02:58PM
Quote
vision63
Quote
Racer X
Quote
vision63
For some reason, people think somebody going to jail for a few months is the end all, be all of justice. It isn't.

It accomplishes far more than a judgement that will never be satisfied because there is no money for the payout. If the penalty is less than the profit, it's the cost of doing business. Now, long jail terms mean something.

Something big like this likely qualifies for a RICO criminal trial with real time to serve.

In your dreams if you think first time offenders would serve more than months. There are bigger considerations.

Murderers and rapists get paroled because there isn't enough jail space... yet some people think white collar criminals should have all the jail space.
There is a happy medium in there...



Paul F.
-----
A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
----
Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.

--

--

--
Eureka, CA
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Re: Corinthian college loans erased
Posted by: Racer X
Date: June 02, 2022 05:14PM
Quote
Paul F.
Quote
vision63
Quote
Racer X
Quote
vision63
For some reason, people think somebody going to jail for a few months is the end all, be all of justice. It isn't.

It accomplishes far more than a judgement that will never be satisfied because there is no money for the payout. If the penalty is less than the profit, it's the cost of doing business. Now, long jail terms mean something.

Something big like this likely qualifies for a RICO criminal trial with real time to serve.

In your dreams if you think first time offenders would serve more than months. There are bigger considerations.

Murderers and rapists get paroled because there isn't enough jail space... yet some people think white collar criminals should have all the jail space.
There is a happy medium in there...

How about house arrest in a Motel 6 for 5 years? Seriously. Low risk offenders can't leave their room. Dirt cheap. GPS leaves the property, tack on time.



********************************************
“A sword never kills anybody; it is a tool in the killer's hand.” Seneca the Younger

The police have no duty to respond. See Castle Rock v. Gonzales, 545 U.S. 748 (2005) or Warren v. District of Columbia[1] (444 A.2d. 1, D.C. Ct. of Ap. 1981)

Judge Lee wrote that “we cannot jettison our constitutional rights, even if the goal behind a law is laudable." 9th Circuit Court of Appeals

[www.youtube.com]
Options:  Reply • Quote
Re: Corinthian college loans erased
Posted by: Racer X
Date: June 02, 2022 05:16PM
Quote
Paul F.
Quote
vision63
Quote
Racer X
Quote
vision63
For some reason, people think somebody going to jail for a few months is the end all, be all of justice. It isn't.

It accomplishes far more than a judgement that will never be satisfied because there is no money for the payout. If the penalty is less than the profit, it's the cost of doing business. Now, long jail terms mean something.

Something big like this likely qualifies for a RICO criminal trial with real time to serve.

In your dreams if you think first time offenders would serve more than months. There are bigger considerations.

Murderers and rapists get paroled because there isn't enough jail space... yet some people think white collar criminals should have all the jail space.
There is a happy medium in there...

How about house arrest in a Motel 6 for 5 years? Seriously. Low risk offenders can't leave their room. Dirt cheap, buy a bunch of motels. GPS leaves the property, tack on time. Manager monitors the inmates.



********************************************
“A sword never kills anybody; it is a tool in the killer's hand.” Seneca the Younger

The police have no duty to respond. See Castle Rock v. Gonzales, 545 U.S. 748 (2005) or Warren v. District of Columbia[1] (444 A.2d. 1, D.C. Ct. of Ap. 1981)

Judge Lee wrote that “we cannot jettison our constitutional rights, even if the goal behind a law is laudable." 9th Circuit Court of Appeals

[www.youtube.com]
Options:  Reply • Quote
Re: Corinthian college loans erased
Posted by: Steve G.
Date: June 02, 2022 05:43PM
Quote
Fritz
as I understand "obtained a judgement", doesn't mean anyone paid a penny. Just means they should.

In looking up the 5 principle thieves below, all appear to be living happily ever after at 75 ish. I'm sure non of them are multi millionaires what ripped off students, now the Fed, IE: you & me.

[en.wikipedia.org]
David Moore
Paul St. Pierre
Frank McCord
Dennis Devereux
Lloyd Holland



Rich Corinthian Loaners
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Re: Corinthian college loans erased
Posted by: N-OS X-tasy!
Date: June 02, 2022 06:21PM
Quote
Racer X
Quote
Paul F.
Quote
vision63
Quote
Racer X
Quote
vision63
For some reason, people think somebody going to jail for a few months is the end all, be all of justice. It isn't.

It accomplishes far more than a judgement that will never be satisfied because there is no money for the payout. If the penalty is less than the profit, it's the cost of doing business. Now, long jail terms mean something.

Something big like this likely qualifies for a RICO criminal trial with real time to serve.

In your dreams if you think first time offenders would serve more than months. There are bigger considerations.

Murderers and rapists get paroled because there isn't enough jail space... yet some people think white collar criminals should have all the jail space.
There is a happy medium in there...

How about house arrest in a Motel 6 for 5 years? Seriously. Low risk offenders can't leave their room. Dirt cheap. GPS leaves the property, tack on time.

WIth bedbugs and jumbo-sized cockroaches... right?



It is what it is.
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Re: Corinthian college loans erased
Posted by: N-OS X-tasy!
Date: June 02, 2022 06:24PM
Quote
Steve G.
Quote
Fritz
as I understand "obtained a judgement", doesn't mean anyone paid a penny. Just means they should.

In looking up the 5 principle thieves below, all appear to be living happily ever after at 75 ish. I'm sure non of them are multi millionaires what ripped off students, now the Fed, IE: you & me.

[en.wikipedia.org]
David Moore
Paul St. Pierre
Frank McCord
Dennis Devereux
Lloyd Holland



Rich Corinthian Loaners





It is what it is.
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Re: Corinthian college loans erased
Posted by: macphanatic
Date: June 03, 2022 06:14AM
Instead of jail, crimes like this should result if forfeiture of all assets and prohibition of using all investment options/tools such as bonds, the market, etc. Limit them to simple bank accounts. Also ban them from holding any executive level job for life.
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Re: Corinthian college loans erased
Posted by: DeusxMac
Date: June 03, 2022 11:07AM
For some background, here’s a 2016 Frontline documentary on Corinthian:

[youtu.be]
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Re: Corinthian college loans erased
Posted by: mrbigstuff
Date: June 03, 2022 11:13AM
And now, a reading from Corinthians.

Oh, wait they can't read.
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