If you’re following the drama around the consumer protection investigation into the business practices & operations of Trump University by former Texas Attorney General now Governor Greg Abbott and do not wish to know if a similar consumer protection investigation into the business practices & operations of Hillary University aka Laureate Education has occurred, then stop reading right now. This story is true and the names will not be changed:
It seems what is good for the goose is good for the gander these days so I performed by own consumer protection investigation into the business practice & operations of Hillary University to determine if Laureate Education had locations in Texas.
My first stop was the website of the United States Securities and Exchange Commission and gasp! —an inspection of the documents filed with the SEC pertaining to the pending IPO of Laureate Education reveal Hillary University has operations in CastroLand and Doggetville, Texas.
That would be San Antonio and Austin, Texas for the Bernie Sanders supporters reading this story.
Page 186 of the prospectus discloses Laureate Education’s Global Products and Services (GPS) segment has a location in Austin, Texas:
University of St. Augustine for Health Sciences (St. Augustine). Founded in 1979, St. Augustine offers graduate and doctoral degree and non-degree programs in physical therapy, occupational therapy, orthopedic assistants, education and health sciences. St. Augustine has campus locations in St. Augustine, Florida, San Marcos, California and Austin, Texas.
And leases a facility in San Antonio, Texas:
Our GPS segment has offices at our headquarters location in Baltimore and leases six additional facilities in Columbia, Maryland; Los Angeles, California; Minneapolis, Minnesota; Tempe, Arizona; San Antonio, Texas; and Amsterdam, Netherlands. Our headquarters consists of two leased facilities in Baltimore, Maryland, which are used primarily for office space.
An examination of page 20 of the prospectus reveals Hillary University is in debt—to the tune of $4.6 million dollars—however the real gem is on page 61.
The fact that we have substantial debt could materially adversely affect our ability to raise additional capital to fund our operations and limit our ability to pursue our growth strategy or to react to changes in the economy or our industry.
We have substantial debt.
Our debt could have important negative consequences to our business, including:
- increasing the difficulty of our ability to make payments on our outstanding debt;
- increasing our vulnerability to general economic and industry conditions because our debt payment obligations may limit our ability to use our cash to respond to or defend against changes in the industry or the economy;
- requiring a substantial portion of our cash flow from operations to be dedicated to the payment of principal and interest on our indebtedness, therefore reducing our ability to use our cash flow to fund our operations, capital expenditures and future business opportunities or to pay dividends;
- limiting our ability to obtain additional financing for working capital, capital expenditures, debt service requirements, acquisitions and general corporate or other purposes;
- limiting our ability to pursue our growth strategy;
- limiting our ability to adjust to changing market conditions; and
- placing us at a competitive disadvantage compared to our competitors who are less highly leveraged.
And on page 65—the disclosure you WILL suffer if you purchase of the shares of Class A common stock you purchase in this offering:
You will suffer immediate and substantial dilution in the net tangible book value of the shares of Class A common stock you purchase in this offering.
Exit question: would YOU invest in Hillary University?
And if Hillary University students are struggling to pay back loans, will the consumer protection division of the Texas Attorney General’s office launch an investigation into the business practices & operations of Hillary U?
Update: Pages 101 – 104 in this release of FOIA material to Judicial Watch outlines the engagment of former President Bill Clinton as the Honorary Chancellor of Hillary U. aka Laureate Education
Doug Smith says
I read this post twice and it still does not make any sense to me. How is Hillary connected to Laureate Education, and how are either of them connected to University of St Augustine?
Neither Here Nor There says
Bill Clinton was or is (not sure) an honorary chancellor, that is the supposedly tie. I guess we can blame the author for all her husbands or ex husbands misdeeds. Using that same logic, if my ex-spouse had been involved in medicaid fraud (during the marriage), I should also be sent to jail or charged.
Not sure if there is even fraud involved, just low pay back by students on their loans. There is maybe some quit pro quo according to one of the articles to which there is a link. I don’t know of any state investigating the alleged dealings.
The fact remains that Trump is a racist and anyone that supports him supports racism.
Fred Flickinger says
Neither here nor there:
I will not be voting for either Hillary or Trump due to both of them containing character which is beneath the office of the Presidency.
I do find it incredibly ironic that you chastise guilt by association in the beginning of your post, then finish your post with “If you support Trump you are a racist”.
Could it be possible that someone supports Trump because they believe Hillary has sold this country out through the Clinton Global Initiative.
Perhaps they believe the lies she told the families of the men killed in a terrorist attack in Benghazi, disqualifies her. Or possibly they believe that anyone who would risk our nation’s most sensitive classified information for “Convenience”, is not fit to hold the highest office in the land.
Neither Here Nor There says
Why would I not do what the Republican nominee for president does, associate one characteristic with flaws (Mexican Heritage)? If millions of Republicans can fall for such stupidity why not use the same technique on the same ignorant fools? Why would I even begin to assume that Trump supporters can have any other reason? I believe he started out claiming that “Mexicans” are drug dealers and rapist, not about Clinton selling out. Trump is still pushing the racist card, isn’t he.
I expect that come November the Democrats will carry Harris County thanks to Trump. I have not seen any high profile Republicans in Harris County denounce him.
If Democrats are smart they will hang Trump on the necks of Republican judges in 2018 and probably do away with most Republican Judges. Would not be surprised to find Annise Parker as the next County Judge, thanks to Trump. Better hope Emmett changes his mind.
Fred Flickinger says
Actually Trump said “Illegal Immigrants” were rapists and drug dealers. Although I do not agree with that statement either, I do prefer accuracy.
Enough already says
Laureate was paid via the State Departmene when Hillary was SOS. He was paid $16.5 million via a shell corporation set up through the Clinton foundation. All that was required was that the money be withdrawn as soon as deposited so the account always showed a balance of zero. Peter Schweitzer chronicles this in his book and Breitbart currently has an article on this topic.