Leeds Weld and Co., an investment firm run by former Massachusetts
Gov. William Weld, also owns a part of Decker, Stein has said.
Weld, a Republican, has said he is running for governor of New York.
The Woodcoxes and Weld, who until recently was Decker's chief
executive officer, couldn't be reached for comment.
The FBI and the inspector general's office in the Education Department
are investigating whether Decker broke federal laws.
Violations could include conspiracy to commit fraud, making false
statements to the federal government, wire fraud and student financial
aid fraud.
The Education Department has said Decker owes taxpayers and lenders
$7.2 million, mostly for failing to return aid for students who
dropped out.
From The Associated Press, 10/22/05:
http://www.kentucky.com/mld/kentucky/news/state/12968753.htm
Owners put embattled Decker College up for sale
FEDERAL AND STATE INQUIRIES ARE UNDER WAY
LOUISVILLE -
Decker College, under investigation by the state and federal
governments and facing the loss of its operating licenses and its
accreditation, has been put up for sale.
Mark Stein, chief financial officer of the Louisville private,
for-profit trade school, said the school was offered for sale before
the U.S. Department of Education announced Sept. 30 that it was
cutting off Decker's access to federal financial aid.
Stein said the decision was not related to the investigations.
"The FBI did not prompt it," Stein said.
"Pushed it along maybe, but did not prompt it."
______________________________________________________
Another day another Republican scandal.
Harry
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