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Lambda School fined $75k by CA for operating without state approval [pdf]

bppe.ca.gov

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Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#321

Post by conroy »

austenallred wrote: post #11

It’s true. Our counsel informed us that we didn’t need to register. Counsel was wrong. Now we have new counsel :) We’ve submitted all the paperwork and have worked closely with California. This all happened a long time ago. I’m not sure what the right level of regulation is (it’s hard taking care of 50 states at once - one state registration was 2,277 pages and weighed 25 pounds https://twitter.com/austen/status/1153…

> This all happened a long time ago.

The citation date is March 20th of this year, which is only four months ago. When will Lambda School be fully registered with California?

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#323

Post by austenallred »

conroy wrote: post #321
austenallred wrote: post #11

It’s true. Our counsel informed us that we didn’t need to register. Counsel was wrong. Now we have new counsel :) We’ve submitted all the paperwork and have worked closely with California. This all happened a long time ago. I’m not sure what the right level of regulation is (it’s hard taking care of 50 states at once - one state registration was 2,277 pages and weighed 25 pounds https://twitter.com/austen/status/1153…

> This all happened a long time ago. The citation date is March 20th of this year, which is only four months ago. When will Lambda School be fully registered with California?

As soon as the BPPE reviews and accepts the application.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#324

Post by MiscIdeaMaker99 »

phs318u wrote: post #307
rgbrenner wrote: post #196

Earlier 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.

Should the government have waited for another half a dozen “Enrons” before acting? The whole point of regulation is to avoid such occurrences not as an “I told you so”

Oh, there were.

Tyco International Adelphia Peregrine Systems WorldCom (which was a big one)

And there were many more.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#326

Post by chasontherobot »

cloverich wrote: post #206
nabnob wrote: post #182

Earlier quoted context omitted.

I'm pretty sure he dug through my history before making that comment and is downvoting any comments that are negative.

There are likely many people down voting based on the content of your comments here. Specifically, calling a school "scammy" and being generally negative about it, without providing much reason. For context, 30k is about 1/4 what I paid for my B.S., and mine did not come with a guarantee of employment. Is there some other reason you consider Lambda School to be a scam?

Not OP, but there is a myriad of reasons: https://twitter.com/KeziyahL/status/1155154616281178114

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#327

Post by tomhoward »

macinjosh wrote: post #302
austenallred wrote: post #148

Earlier quoted context omitted.

It's a 9-month (full-time) programming + computer science school where you only pay if you get hired making $50k+/yr in the field you studied. If you don't you pay $0. If you do, you pay 17% of income for 2 years, capped at $30k total.

Wow, indentured servitude is back in fashion?

It's a vastly better and fairer deal than college fees/loans.

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#329

Post by wrycoder »

tvanantwerp wrote: post #311
austenallred wrote: post #281

Earlier quoted context omitted.

Yup. Seems crazy but a lot of people make their living that way.

I work for a DC-based non-profit. As we solicit donations in all 50 states, we have to register in all 50 states and meet their varied paperwork requirements. A small industry has sprung up around non-profit state registrations, and we are happy to outsource to it; we'd never manage it otherwise.

Registrations are one thing, and there are indeed many organizations more than happy to take your money to do a quick registration.

But how are you going to handle the yearly (or more often) tax filings in all these jurisdictions going forward?

Re: Lambda School fined $75k by CA for operating without state approval [pdf]

#330

Post by stretchwithme »

digitaltrees wrote: post #284
rgbrenner wrote: post #196

Earlier 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.

What are you talking about. It was a massive drag on the California economy while they existed. They were literally shutting the power system for millions of people down to jack the price.

That was more a failure of the artificially constructed electricity market. It didn't allow longterm contracts.

Weirdly enough, cities that had their own power companies could have such contracts and didn't get rolling blackouts. I worked in Santa Clara at the time and lived in Sunnyvale. We never lost power at work but frequently found all the clocks flashing when I got home.

Which sort of suggests that centralization is the problem, not public versus private. We had a private company failing and public power companies unperturbed.

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