Defrauding investors (especially the uber-wealthy) is a high-risk crime punishable by imprisonment.
Defrauding low-income students and taxpayers, in contrast, has almost no consequences beyond the possible payment of a small fine (only in the unlikely event that you get caught)
#highered #fraud #TitleIV #USEdGov
https://www.nytimes.com/2022/11/18/technology/elizabeth-holmes-sentence-theranos.html?smid=url-share
#highered #fraud #titleiv #usedgov