➤ Fraud Report – For-Profit College Industry Fraud
A college graduate from the Art Institute of Fort Lauderdale – a for-profit college owned in part by Goldman Sachs – unable to find gainful employment in her chosen field of video game design, has turned to stripping and now makes between $400 and $1,000 per week.
Carrianne Howard, a stripper at the Lido Cabaret in Cocoa Beach, Florida, has shed more than clothing as she brings to light the deceptions apparently running rampant in the for-profit college industry. Her recent actions have helped force attention on a new government report entailing rampant fraud in the for-profit college industry.
According to Bloomberg Business Weekly, the for-profit college industry receives more than $26 billion in federal aid each year. Some of these colleges charge 6 figures for degrees in low-paying fields such as design and cooking, leaving students strapped with ridiculously large college loans once they attempt to enter the work force.
In the Bloomberg report, Ms. Howard says: “ Until you actually sit in the classes and you see it for yourself and you see the instructors teaching do you really notice that there is a difference, that there’s something wrong. ”
After graduating in December of 2007 and spending $70,000 of her parents money on her college degree, Ms. Howard worked briefly as a recruiter for video game companies. She lost her job in March of 2009 at GameRecruiter, based in Fort Lauderdale.
GameRecruiter is an employment agency in the gaming industry that, according to its website, is “the premier search firm in the game industry,” specializing in “unique, unadvertised career opportunities to its extensive candidate network.”
Marc Mencher, president and CEO of GameRecruiter says she was let go because her entire department was shut down. Ms. Howard was making $12 an hour. She became a stripper after her position was eliminated.
In the Bloomberg story, Howard said: “I didn’t know what else to do,” she says. “I’ve got a worthless degree. It’s like I didn’t attend school at all.”
MORE >>>> http://www.digitaljournal.com/article/295688







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