Bank of America paid massive fines for the pleasure of buying Countrywide. They were able to pay the fine by letting all Countrywide employees go. A buyer for CCI will have to deal with all the CCI problems in the same fashion, meaning probably the same result. Announcing a buyer and ANY details to staff is a BIG securities crime if that information is not public knowledge. So, IF (and that is a BIG f***ing IF a sale is imminent), the SEC will want to have a little chat with management of CCI regarding the slip of the tounge. Rumors are one thing....but management by name has been mentioned as a source on this site. And rest assured, this site is contributed by more then a few people who are responsible for providing the ED and CFPB all the ammo that created what you are dealing with now. IF a sale is in the works, CCI management may have destroyed it (at best delayed it for even longer) IF what a few people on this board are telling the truth. Either way, whether the new buyer cuts most of the staff to deal with the CCI legal and regulatory issues or if no sale is imminent...still smart to be looking for a new job.
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I didn't know your job was secure yet.
Wow 786 that was a long delay the gossip on the layoffs caused. Not even 24 hours. QuickStart sale announced today. One sale complete, 3 more to go. My informant says ECMC is the non profit that's going to purchase Everest and Wyotech. Now go run to the SEC and tattle on me. How's the crow tasting about now?
Uh...ask bank of america about that. Don't think a buyer results in all the problems vanishing or you keeping your job. Looking for a new job is prudent.
They will not follow the schools after a sale if they receive indemnification.
No, but they have, and still do accept information regarding entities they are currently litigating and punishing. As you have found out, many former and current CCI employees are the reason the CFPB and the ED were able to squeeze CCI to this point. Many simply stated what they saw at CCI and, given the actions of both agencies following that, those people are still considered credible. Since you clearly don't know how an investigation operates, I am not shocked your replys are as idiotic as your sales pitches are to potential students. Anyone reading this site has the names of managers and buyers...all they have to do is call the SEC and state that their friend at CCI told them about the sale to xyz that was announced by ABC. If the announcement is made public after that, that person can call them again (and a anti-CCI media outlet) and lodge the complaint (which in all likelihood is already being looked at by the SEC). Given the nefarious history of CCI and its executive team, not to mention the number of US Congresspeople invested in the death of CCI, the simple mention of potential securities violation will be sufficient to cause, at best, a long delay in sale, while creating a hostile environment for a new buyer. No mention of layoff.com needed. Now go wipe your nose, snot nosed brat.
So the CA AG, CFPB, FDOE collect evidence from TheLayoffs.com postings? Blahahaha. Oh yeah I forgot Kamela told me a couple months ago she used affidavits her office found in the National Enquirer and used them to be granted subpoenas in her California State vs CCI criminal indictment inquiry. Thanks for bringing that to the side bar.
No, gossip is not evidence. But it IS source material to start another investigation. Considering all the parties involved looking to shut CCI down, don't think they wouldn't be interested in following up on a detailed complaint should detailed complaints rumors come true. How do you think CFPB and the ED were able to get their stuff? Please stop acting like you are educated on securities law, "you scary." Go smoke a Philly and getz real!!!
You scary! Nothing posted on this gossip board would hold water or even be considered as evidence in the court of law. What, are you like 14 years old? Go get your parents back in the discussion board