A former for-profit college operator settled with the U.S. Department of Education for $8 million as part of the company’s bankruptcy case, attorneys announced last week. The settlement is the final step in a years-long case that began after FCC Holdings Inc. was accused of predrawing federal financial aid dollars based on enrollment projections that […]

Federal criminal investigators this week charged a former Novato businessman of operating a massive Ponzi scheme, defrauding more than a thousand investors and embezzling tens of millions of dollars to personally enrich himself.The U.S. Securities and Exchange Commission and U.S.Attorney’s Office alleged this week that the late Kenneth Casey and his business associate, Lewis Wallach,

In 1996, cell phones weren’t quite a thing. Students didn’t type essays on laptops, or anywhere other than a stationary computer or even a typewriter. Bill Clinton was president, but his relationship with young intern Monica Lewinsky hadn’t yet come to light. Twenty-four years ago, Imhotep H’Shaka — already serving time for homicide — roughed

The founder and CEO of Authentic Brands Group submitted the winning bid late Tuesday to purchase Brooks Brothers for $325 million. Jamie Salter doesn’t like to lose. The founder and chief executive officer of Authentic Brands Group has created a $12 billion business in a decade, rounding up a stable of well-known fashion brands including

The list of bankruptcy filings in the fashion and retail space continues to grow longer with each passing day, so much so that some are beginning to wonder: are they banking on Chapter 11 filings as the way out of 2020’s unending pressures?In some cases, maybe. In others, maybe not. But companies wondering whether they