"The University of Phoenix is still facing a federal investigation more than two years after a private equity firm with close ties to former President Barack Obama made a deal to purchase the for-profit college, despite one executive’s promise to operate “with the highest ethical standards,” The Daily Caller News Foundation has learned."
https://www.bizpacreview.com/2018/07/23/obamas-best-friends-for-profit-university-faces-federal-investigation-656986