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[quote=Anonymous][quote=Anonymous]I would just take a lesson from 2007 when Whittle and current head of school Rivera were sued by their investors for a similar scheme ( Nations Academy) in DC--The money Emet Investments handed them vaporized and they were sued for securities fraud, common law fraud, inducement fraud, unjust enrichment, breach of contract--the scheme: fake pr claimed 60 campuses and $3 Billion by 2021, Whittle put in $25.00 while Emet put in $5M and Varkey committed to $46M. They made bogus wildly exaggerated claims to the Washington Post that they would finance it all through a $400 million land deal involving a non existent bond offering --they ran through the cash and blamed it on the financial crisis: sound familiar? If the funders of the current venture file against them, a similar pattern of boast-lie-pocket-blame will surely emerge. [/quote] Yup. Civil suits. [/quote]
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