Wall Street's for-profit "cyber schools" rip off kids and taxpayers |Teamster Nation

Wall Street's for-profit "cyber schools" rip off kids and taxpayers |Teamster Nation:

Wall Street's for-profit "cyber schools" rip off kids and taxpayers

The same anti-worker extremists waging war on the middle class and wringing workers dry are also trying to squeeze profits out of our kids -- and swindle taxpayers in the process.

A new report from PR Watch has the details on Wall Street's latest scheme using for-profit "cyber schools" to cash in on the public education "market":

The data is in and K12 Inc.'s brand of full-time public "cyber school" is garbage. Not surprising for an educational model kicked off with a $10 million investment from junk-bond king Michael Milken.

As the report explains, ex-con Milken formed several "education" companies including Knowledge Universe and Knowledge Learning. With $10 million invested in his K12 Inc. scam, Milken let fellow junk bond dealer Ron Packard in on the action. And together they raked in millions:

The duo prepped to exploit the public education sector, and boy, have they. His various educational ventures have made Milken one of the richest men in America, and Packard raked in