Earlier quoted context omitted.
>It was probably sufficient to explain to that one guy why that was bad. Greed doesn't listen to reason.
....nor regulators.
Lambda School fined $75k by CA for operating without state approval [pdf]
231–240 of 364 posts
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#232Earlier quoted context omitted.
Since we're talking about human remains in dog food, there's already likely a litany of felonies involved in turning a person into dog food. The regulators just like to regulate.
> there's already likely a litany of felonies involved in turning a person into dog food yes, it's a felony because of regulation, made by... regulators
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#233Earlier quoted context omitted.
I used to work in compliance and the number of regulations that are punitive punishments for bad things that actually happened is just astounding. SOX compliance is arduous but it only exists (and is as strict as it is) because some banks decided to destroy the global economy just to make a bit of money and couldn't understand why this was a bad thing.
Sox was passed in response to Enron. While that may have been a big failure, it had no effect on the wider economy. In fact Enrons scandal only came out after the 2001 recession ended... the economy grew during and after Enron’s failure.
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#234Earlier quoted context omitted.
If you don't mind me asking, were you using a boutique lawyer or a big firm?
Big firm. We should have been using an education-specific boutique for this specific thing, but this started happened when we were tiny and still figuring a lot.
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#235Looking at the text of the fine, you can't charge money to teach people things ("offer education" in their parlence) in a physical location without state approval. Could that be any more broad? Education is often just verbal and written communication between people. Seems like a first amendment violation.
It looks like you ignored a lot of the text of the order, such as the citation of exemptions, and the limiting qualifier “postsecondsry” before education.
> Could that be any more broad?
Well, no, it would be harder for it to be more broad than your mischaracterization.
> Seems like a first amendment violation.
Probably not even if it was as broad as you mischaracterize it. The first amendment does not prevent the State from general regulation of commerce, even if what is being traded is speech.
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#236Earlier quoted context omitted.
Right but it'd be worse if you had the student loan debt AND don't get a degree (or at least a reputable one) because it's a scam.
I mean, is a university education not a sort of scam? They are giving people degrees that cost far too much to justify the kind of job you'll get coming out.
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#237Earlier quoted context omitted.
It's the job of your attorney. It's possible all it takes is one strongly worded letter and they will settle.
May not be that simple. Attorneys understand the "send a threat letter and hopefully they will settle" model well. Also, their current attorney will probably charge just to send that letter.
Surely not $75,000 for a letter. A few hundred, yes.
Recouping even $5,000 (in a "f u, go away please" payment) would be a big win for a scrappy startup, no?
Their old law firm probably would prefer not to be drug around town making it known they gave very wrong, and very costly advice. They'd prefer the matter just went away. Those conditions are ripe for a quick settlement.
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#238Earlier quoted context omitted.
I used to work in compliance and the number of regulations that are punitive punishments for bad things that actually happened is just astounding. SOX compliance is arduous but it only exists (and is as strict as it is) because some banks decided to destroy the global economy just to make a bit of money and couldn't understand why this was a bad thing.
SOX exists because of Enron / Arthur Anderson / Tyco / half a dozen others, not banks.
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#239Earlier quoted context omitted.
If you have a physical location and don't have state approval, yes.
All private tutoring in California involves a physical presence in the state by necessity, so you can shorten this answer to "yes".
Re: Lambda School fined $75k by CA for operating without state approval [pdf]
#240Earlier quoted context omitted.
Sox was passed in response to Enron. While that may have been a big failure, it had no effect on the wider economy. In fact Enrons scandal only came out after the 2001 recession ended... the economy grew during and after Enron’s failure.
And how much time lapsed between identifying the problem, notification, committee meetings, proposal, final draft, voting, and enforcement?