The April 24 article Keiser: not-for-profit but still lucrative, includes a claim by Art Keiser that my work to expose corrupt colleges is motivated by a conflict of interest.
Keiser further asserted, in a letter to me through his lawyer, that while I worked at the U.S. Department of Education I had a “relationship with short sellers.”
His statements are false. I do not have a conflict of interest, and I never had any improper or secret relationship with short sellers or with anyone else. My concerns about predatory for-profit colleges are motivated by an interest in what is best for students and taxpayers, nothing more.
This isn’t the first time Keiser has accused others of a relationship with short sellers. In 2010, he sued the president of Florida State College at Jacksonville accusing him of conspiring with various Wall Street firms. Keiser later dropped the suit.