Dade Medical College and Education Management Corporation - One Down and the Other Is Paying A Large Fine
About two weeks ago Dade Medical College closed its doors and the owner pleaded guilty.
MIAMI - Dade Medical College owner Ernesto Perez pleaded guilty Monday to charges of illegal campaign contributions and resisting arrest Monday as part of a plea deal with prosecutors.
Besides serving three days in jail, Perez will have to pay a $150,000 fine and do 160 hours of community service as part of the deal.
Perez was facing up to six years in prison had he not taken the plea deal. He left the courthouse without talking to reporters.
In the meantime, students from the now defunct college are trying to figure out how to get their money back or how to complete their nursing degrees.
From the Miami Herald 11/17/2015: Education Management Corporation agreed to pay $95 million dollars to settle lawsuits about how it recruited students. Judge Terry McVerry while dismissing an attempt to squash on of the lawsuits, called the allegations in the case a multi billion dollar coordinated corporate fraud.
Students that are desperate to attend classes to get jobs need to do some serious research before they sign up for classes that will use their Pell Grants and suck them into taking out expensive loans to pay for tuition. Don't assume the recruiters have your best interests at heart. In the EMC case they were getting paid on the number of folks they recruited and it didn't matter what the graduation rate was.
MIAMI - Dade Medical College owner Ernesto Perez pleaded guilty Monday to charges of illegal campaign contributions and resisting arrest Monday as part of a plea deal with prosecutors.
Besides serving three days in jail, Perez will have to pay a $150,000 fine and do 160 hours of community service as part of the deal.
Perez was facing up to six years in prison had he not taken the plea deal. He left the courthouse without talking to reporters.
In the meantime, students from the now defunct college are trying to figure out how to get their money back or how to complete their nursing degrees.
From the Miami Herald 11/17/2015: Education Management Corporation agreed to pay $95 million dollars to settle lawsuits about how it recruited students. Judge Terry McVerry while dismissing an attempt to squash on of the lawsuits, called the allegations in the case a multi billion dollar coordinated corporate fraud.
Students that are desperate to attend classes to get jobs need to do some serious research before they sign up for classes that will use their Pell Grants and suck them into taking out expensive loans to pay for tuition. Don't assume the recruiters have your best interests at heart. In the EMC case they were getting paid on the number of folks they recruited and it didn't matter what the graduation rate was.
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