"Former students at one for-profit college allege that the school’s parent company, Laureate Education, committed fraud by deliberately allowing their college to fail and close down."
"Three students of the Santa Fe University of Art and Design recently sued Laureate, which operates 70 for-profit colleges in 25 countries, alleging that Laureate stripped away assets the school needed to operate properly, engineered a sale it knew would fail, and then continued to enroll students knowing the school would soon close."
https://consumerist.com/2017/05/02/students-claim-for-profit-college-operator-deliberately-let-their-school-fail/