Daily Caller: Laureate Education, a for-profit education company with close ties to the Clinton family, suddenly swung to a dramatic third quarter loss of $103 million, a stark contrast to $81 million dollars in positive earnings it reported in the third quarter of 2016, the Daily Caller News Foundation has learned.
The loss was posted by the company on its Form 10-Q that outlines quarterly earnings and losses.
The $103 million loss was most dramatic in its earnings per share. The company enjoyed a positive earnings per share of 66 cent in 2016. The company’s earning per share today is $1.02 loss per share.
Illustrating a potentially fragile financial state, the U.S. Department of Education (DOE) notified Laureate on Oct. 12 the company faced a “failure to meet standards of financial responsibility for the fiscal year ended December 31, 2016,” according to the 10-Q.
A failure to meet financial responsibility means a company has a “failing financial responsibility composite score” devised on a scale by DOE, Section 498(c) of the Higher Education Act of 1965, says. The determination means the federal department did not deem Laureate financially responsible. read more here
Gee, how do you suppose that happened? I’m astonished.
Russia, Russia Russia!
Without the Clinton Foundation bringing in the laundry there was nothing for Laureate Launderers to wash.
Wink wink!
And so it has always been and it
will never end…
Funny how everything liberals touch eventually falls apart, faster than expected. And where are we in charging Bernie Sander’s wife for fraud in her school debacle.
Since Hillary is no longer in a position to cheat the federal government out of billions to pay back her doners, there are going to be a couple more failures before she winds up in prison.
Why the hell isn’t Hillary and Bill both in jail. The damn company was set up to bleed money (under Clintons directions) from the feds to distribute back to the Clintons (and others). It’s time to fire the AG. Don’t let the useless prick resign, fire his ass for non-performance. Bannon has to step up his efforts to weed out squishs through the nomination process and to make 2018 a bloodbath for the Dems and squishs left over.
Heeheehee … look at Laureate’s (NASDAQ symbol LAUR) stock price the last two days … down a yummy 17% or so.
Ask JeffyPoo Sessions ay DoJ.He ain’t never gonna prosecut nobody fer nuttin’.
“When Hillary Clinton was Secretary of State, the World Bank gave Laureate $200 million in investment funds.”
World Bank = US taxpayers.
Remember this story the next time some leftist starts blathering about Trump U.
I think that wherever the cash is coming from it would be plenty useful for the educational process. A lot of students cannot afford to pay for the tuition because they can’t scape up the money in time. A lot of students are failing at paying their debts and are dropping out of schools every year. That’s why a fresh and new person that is going to contribute to the educational process with new ideas and money will surely benefit the development of the students’ independence.