Reports of faulty corporate record keeping and links to the growing controversy over allegations of Clinton Foundation “pay-to-play” schemes could doom the pending initial public offering (IPO) of the for-profit Laureate Education university, according to a Daily Caller News Foundation investigation.
Billionaire George Soros, Microsoft co-founder Paul Allen and private equity investor Henry Kravis all financially back Laureate. The company paid former President Bill Clinton nearly $16.5 million as honorary chancellor from 2010 to 2015.
Laureate officials are trying to raise $1 billion in the IPO and told potential investors in a May 26, 2016, Securities and Exchange Commission (SEC) filing update the company’s financial statements may be inaccurate and unreliable, after uncovering “five material weaknesses in our internal control over financial reporting.”
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4 comments:
There's nothing to see here folks, keep moving!
HILLIAR< color="red">Y FOR PRISON 2016
It's not the only thing it's going to bring down, with any luck.
wtf???
"HONORARY (!!?) chancellor for $3.1 million A YEAR??
THAT should be a crime in and of itself......
Clintons and Soros, or Soros and Clintons. Crooked and crookeder whichever way you line it up.
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