Lobbying, Insider Trading & Censorship at the Washington Post: Kaplan U
Business, EducationOct 10, 2011Lobbying, Insider Trading & Censorship at the Washington Post
While The Washington Post (traded on the NY Stock Excange as ‘WaPo’) is known for its historic Watergate expose and the Pentagon papers, the modern Washington Post Company is a publicly traded corporation which derives 62% of its income from its primary subsidiary, Kaplan University, a for profit system of universities that operates like a criminal enterprise throughout the US.
Kaplan , which obtains 90% of its revenues from federal student loans backed by US taxpayers (usually in the form of Title IV loans), has been the subject of multiple government investigations, probing lawsuits and legal inquiries alleging the company engages in fraudulent business practices – including but not limited to marketing improprieties, robo-signing of student loans (not much different than