"Citron was shocked and immediately submitted a FOIA, through which we received 870 pages of supporting documentation that ledtothe obvious conclusion that LOPE is in clear violation of SEC rule 10b-5 as they use the private university to dump expenses and liabilities, while receiving a disproportionate amount of revenue at inflated margins in order to artificially inflate the stock price.Citron’s finding was validated by the Department of Education which reached the same conclusion."
https://citronresearch.com/wp-content/uploads/2020/01/LOPE-The-Educational-Enron.pdf