NELNET Masquerades as a Lincoln Company “Creator” of Jobs – OMG, How Noble of Them!

May 24, 2013


@ Fore Right who writes, “…Nelnet! Built by some Nebraska born guys…”

Built! Seriously. NELNET bilked, not built.

NELNET chieftains made off – kinda like Bernie M. – with around $400 HUNDRED MILLION DOLLARS or so – of hard-working American TAXPAYER dollars.

When caught, NELNET ponied up a fine of $55 MILLION BUCKS to “settle” FRAUD allegations by the U.S. Department of Justice. During the Bush administration, NELNET executed “Project 9.5” wherein they TRIED to bilk the U.S. taxpayer of more than a BILLION BUCKS. Thank heaven a native Nebraska whistleblower stopped their unlawful “scheme” aka fraud.

Piggybacking unlawfully on to an old trust – as NELNET titans did knowing it was unacceptable – in order to gain FAT, NEW FEDERAL U.S. Department of Education subsidies – and pretending for all the world that NELNET just took advantage of a little baby loophole – ain’t building a single fn thing, my friend. It’s called theft + some have argued NELNET titans shoulda been perp-walked.

Yet, in Nebraska, a young man who steals a palette of steaks goes to prison for a year.

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