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The Obama administration delivered the death blow to Globe University and the Minnesota School of Business last December.
A Minnesota court had ruled that the two for-profits, which share a common owner in the family of Terry Myhre, had engaged in consumer fraud and deceptive trade practices by misrepresenting job opportunities for graduates of a criminal justice program. So the feds blocked federal aid payments to the two institutions amid the climax of a broader crackdown on for-profits by the U.S. Department of Education.
The two for-profits then began winding down operations at their 19 locations in Minnesota, South Dakota and Wisconsin,
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