KRIS JENNER THE MATRIARCH OF THE KARDASHIAN FAMILY HAS BEEN
THE NEW FACE OF A SHADY FOR-PROFIT COLLEGE IN NEW
YORK THAT HAS BEEN REBRANDED AS LEGACY BUSINESS SCHOOL.
I SAY REBRANDED BECAUSE THE SAME PEOPLE BEHIND A SCHOOL
KNOWN AS THE EUROPEAN SCHOOL OF ECONOMICS ARE THE
INDIVIDUALS BEHIND LEGACY BUSINESS SCHOOL.
I AM GOING TO GIVE YOU THE HISTORY OF THE EUROPEAN
SCHOOL OF ECONOMICS AND WHY IT IS SHADY, BUT BEFORE I DO
SO, LOOK AT THIS UNBEARABLE AD THAT FEATURES KRIS JENNER
AS THE NEW FACE OF THIS FOR-PROFIT COLLEGE.
>> AMBITIOUS AND AMBITION IS WHAT DRIVES US.
PASSION IS WHAT
KEEPS US UP AT NIGHT.
THE IMPACT WE WANT TO MAKE, NOW THAT
IS WHAT GUIDES US TOWARD SUCCESS.
YOUR FUTURE IS
WAITING.
WHAT IS YOUR LEGACY?
>> IF YOU HAPPEN TO GO TO THE SCHOOL, YOUR LEGACY IS STUDENT
LOAN DEBT FOR A CERTIFICATE THAT MEANS ABSOLUTELY NOTHING.
THIS
IS NOT AN ACCREDITED COLLEGE, NOT AN ACCREDITED SCHOOL.
YOUR
CREDITS OR YOUR UNITS OR WHATEVER YOU GET AT THE SCHOOL
WILL NOT BE TRANSFERRED TO AN ACTUAL LEGITIMATE COLLEGE AND
THE PRICE TAG FOR IT IS $105,360 A YEAR.
I AM SO DISGUSTED BY
THIS STORY AND SO OUTRAGED BY A BUT ONCE YOU GET THE HISTORY OF
IT, YOU ARE GOING TO BE JUST AS OUTRAGED AS I AM.
>> JUST TO ADD TO THAT AD YOU JUST SAW.
CHRISTIAN ARE ALSO
SAID AS SOMEONE WHO ALWAYS EXPECTS THE BEST, I WAS DRAWN TO
ALESSANDRA'S CONCEPT OF A WHITE GLOVE BUSINESS SCHOOL OFFERING
THE FINEST AMENITIES WITH LUXURIES THAT YOU'D EXPECT FROM
A SCHOOL CREATED FOR THE GLOBAL ELITE.
SHE DOESN'T SAY GLOBAL
ELITE AS THAT THE PROBLEM.
SHE'S LIKE YES.
I AM PART OF
THE GLOBAL ELITE, I DO DECLARE AND WOULDN'T YOU LIKE TO BE PART
OF
THE GLOBAL ELITE?
THEY ARE TAKING $105,000 A YEAR FROM THE
SAPS WHO ARE NOT GOING TO BE PART OF THE GLOBAL ELITE.
THEY
ARE GOING TO HAVE A USELESS UNITS FROM A USELESS NON-SCHOOL.
>> IT IS SO MUCH WORSE THAN THAT.
AT FIRST, I THOUGHT YEAH,
THESE PEOPLE ARE SAPS.
THEY ARE GETTING SCANNED AND NOT DOING
THEIR DUE DILIGENCE.
I'M NOTHING THEY DESERVE IT, BUT
DON'T FOR A SECOND THINK THAT THEY ARE TARGETING U.S.
STUDENTS.
WHAT THEY DO IS TARGET FOREIGN STUDENTS WHO DON'T KNOW THE
EDUCATION SYSTEM WORKS IN THE U.S. AND SO THEY THINK THIS IS A
LEGITIMATE COLLEGE AND THEY THINK THEY CAN TRANSFER THEIR
UNITS TO A LEGITIMATE SCHOOL, BUT THAT IS NOT THE CASE.
HERE
IS HOW THEY LURE PEOPLE IN.
THEY PROMISE THEM CONNECTIONS TO
TREMENDOUSLY FAMOUS, WEALTHY PEOPLE.
THROW AN EXCLUSIVE
DINNER WITH THE SCHOOL'S PUBLIC FACE AND CHAIRMAN OF THE BOARD,
KRIS JENNER.
BY THE WAY, IF YOU ARE GETTING YOUR EDUCATION
AS A AT AN INSTITUTION THAT HAS KRIS JENNER AS THE CHAIRMAN OF
THE BOARD, YOU ARE GOING TO GET A SHADY EDUCATION.
THAT SHOULD
BE READ LIKE NUMBER ONE DOUBLE WHAT THEY DO IS THEY TELL
STUDENTS EVERY YEAR WE HAVE THE SCHOLAR AND YOU GET TO SHIP
CHAMPAGNE AND WHERE A FANCY DRESS OR SUIT AND YOU GET TO RUB
SHOULDERS WITH OR ELBOWS WITH ALL OF THESE WEALTHY PEOPLE AND
IT DOES WE WERE STUDENTS IN.
THEN THEY RELEASE WITH THE PRICE
TAG IS IN A FREAK OUT AND SAY I CANNOT AFFORD THAT.
WITH THE
RECRUITERS DO IS THEY CONTACT THE STUDENTS AND SAY DON'T
WORRY.
WE ARE GOING TO GIVE YOU A HUGE DISCOUNT BECAUSE YOU ARE
SUCH A GOOD STUDENT AND WE REALLY WANT YOU TO COME IN.
65%
DISCOUNT THAT YOU ONLY HAVE TO PAY $35,000 A YEAR SIMILAR TO
WHAT YOU WOULD PAY USC AND STUDENTS THINK OKAY COOL.
THEY
START THEIR EDUCATION THERE AND THEN THE FOLLOWING YEAR THEY
DON'T GET THAT DISCOUNT SO THEY WILL TRY TO TRANSFER TO A
DIFFERENT SCHOOL AND THEY ARE UNABLE TO DO IT BECAUSE THOSE
CREDITS ME NOTHING.
THEY ARE NOT REALLY CREDITS, TO BE REAL WITH YOU.
>> THE STUDENTS ARE LIKE, YOU DON'T UNDERSTAND, I ATTENDED A
GALA WITH THE HEAD OF
THE KARDASHIAN FAMILY.
THE REAL SCHOOLS ARE LIKE YEAH, THAT IS NOT A REAL DEGREE
AND THOSE ARE NOT REAL CREDITS.
SORRY.
SO THEN YOU JUST WASTED ALL OF THAT MONEY.
>> SO THE DAILY BEAST DID AN EXCELLENT JOB INVESTIGATING THE
EUROPEAN SCHOOL OF ECONOMICS DIE ONCE GIVE THEM A LOT OF CREDIT
ABOUT THIS BECAUSE I DIDN'T KNOW ABOUT WHAT WAS HAPPENING UNTIL I
READ ABOUT THEIR INVESTIGATION, BUT THE EUROPEAN SCHOOL OF
ECONOMICS IS REALLY THE INSTITUTION BEHIND THIS REBRAND
OF LEGACY BUSINESS SCHOOL.
ACCORDING TO THE DAILY BEAST
INVESTIGATION THEY REFUTED CLAIMS THAT THE NEW YORK STATE
EDUCATION DEPARTMENT INDICATED THAT THE SCHOOL IS ACTUALLY THE
REBRANDED EUROPEAN SCHOOL OF ECONOMICS A FOR-PROFIT
ORGANIZATION THAT HAS BEEN SUED A DOZEN TIMES IN THE U.S. ALONE
SINCE 2006 FOR FAILING TO MAKE GOOD ON THEIR DEBTS, AND ONE
THAT THE DEPARTMENT HAS BEEN TRYING FOR YEARS TO STOP FROM
OPERATING WITHOUT LEGAL APPROVAL.
BASICALLY, WHAT THE
EUROPEAN SCHOOL OF ECONOMICS WAS DOING IS THEY WERE ADVERTISING
THEIR INSTITUTION AS A LEGITIMATE SCHOOL THAT GIVES
STUDENTS DIPLOMAS AND DEGREES.
THEY DIDN'T GO THROUGH THE
NECESSARY PAPERWORK WITH THE STATE OF NEW YORK AND ORDER TO
OPERATE THEIR, AND THEY WERE STRAIGHT APPLYING TO THEIR
STUDENTS.
THIS BOARD, THIS REGULATORY ORGANIZATION AND NEW
YORK STARTED GOING AFTER THEM AND SENT THEM TO
CEASE-AND-DESIST LETTERS, TOLD THEM THEY NEEDED TO STOP
ADVERTISING, AND THEY JUST WOULD NOT DO IT.
THE DAILY BEAST
ASKED WHY AREN'T YOU GUYS SHUTTERING THE SCHOOL?
AND
ESSENTIALLY THE NEW YORK STATE DEPARTMENT ñ THE NEW YORK STATE
EDUCATION DEPARTMENT SAID THE ONLY THING THAT WE CAN DO IS
REVOKE ANY LICENSE THAT THEY HAVE, IF THEY ARE PARTICIPATING
IN ILLEGAL BEHAVIOR.
HOWEVER, IN TERMS OF SHUTTING IT DOWN,
THAT IS UP TO LAW ENFORCEMENT.
THEY SAID THAT THEY CONTACTED THE RIGHT OFFICIALS IN
ORDER TO CLOSE OR SHUT DOWN THE SCHOOL, BUT THEN DAILY
BEAST WENT AND TALKED TO LAW ENFORCEMENT AND THEY SAID,
WE HAVE NO RECORDS OF THAT.
>> THEY SAY EUROPEAN SCHOOL OF ECONOMICS, THE ONE THAT HAS BEEN
SUITED DOZEN TIME.
NO, THIS IS A NEW SCHOOL THAT HAS THE WORD
LEGACY IN THE TITLE.
LEGACY SHARES A "PHONE NUMBER, ADDRESS,
AND CEO WITH THE EUROPEAN SCHOOL OF ECONOMICS."
OF COURSE IT'S
THE SAME THING.
IT IS THE SAME EXACT PEOPLE IN THE SAME EXACT
PLACE WITH THE SAME EXACT PHONE NUMBERS.
THEY BARELY TRIED TO
CONCEAL IT.
GET A BURNER PHONE, DUDE.
OF COURSE IT'S
THE SAME PEOPLE.
AND WHERE IS THE SCHOOL LOCATED?
IN TRUMP
TOWN.
OF COURSE!
>> THEY GIVE STUDENTS FREE FOOD AND THAT IS ANOTHER WAY THEY
LURE THEM IN, AND ESSENTIALLY WHAT THEY DO IS ANY STUDENT WHO
GETS HUNGRY CAN JUST PHONE INTO THEIR SECRETARY AND THE
SECRETARY WILL ORDER FOOD FOR THEM, FREE OF CHARGE.
THERE ARE LIKE
THESE LITTLE PERKS THAT THEY USE TO RECRUIT THE STUDENTS,
BUT THEN THEY END UP SPENDING TENS OF THOUSANDS, IF NOT
HUNDREDS OF THOUSANDS ON THIS FAKE PROGRAM.
THIS IS A SCAM AND
IT'S DISGUSTING.
ONE OTHER THING THAT I WANTED TO MENTION
IS THE FACT THAT THEY ARE FACING SERIOUS PROBLEMS WHEN IT COMES
TO PAYING THEIR DEBTS.
LET'S GO TO GRAPHIC 26.
BETWEEN 2006 AND 2012 THE EUROPEAN SCHOOL ECONOMICS RACKED
UP HUNDREDS OF THOUSANDS OF DOLLARS OF DEBT FROM JUDGMENTS
AND TAX LIENS.
JUDGMENTS IN NEW YORK STATE INCLUDE $88,930 TO A
MARKETING AGENCY, $4336 TO FLORISTS, $3528 TO A LIMOUSINE.
A LOT OF THE EDUCATORS THERE HAVE NOT BEEN PAID AND THEY HAVE
SUED THE INSTITUTION IN ORDER TO GET THEIR MONEY AND INTEREST
THAT MIGHT'VE OCCURRED.
EVEN IF THEY HAVE ONE THE SETTLEMENTS, THEY HAVEN'T
GOTTEN THE MONEY YET.
>> WHAT IS INTERESTING IS HOW BRAZEN THE INCREDIBLY WEALTHY
ARE IN THIS COUNTRY.
IF YOU DO NOT PAY ANY OF YOUR BILLS, THEY
YELL AT YOU.
THE REPUBLICAN PARTY WILL COME OUT AND SAY
DEADBEAT.
ESPECIALLY IF YOU DON'T PAY THE GOVERNMENT, YOU
SHOULD BE PUT IN JAIL.
BUT WHY ARE WE PAYING FOR YOU, YOU
SHOULD BE PAYING FOR YOU.
BUT WHEN CHRISTIAN OR IS ASSOCIATED
WITH THIS ORGANIZATION AND THEY DON'T PAY ANY OF THEIR BILLS,
THEY DON'T PAY ANY OF THE VENDORS THEY USE, THEY DON'T PAY
THE TEACHERS.
THEY DON'T GIVE YOU A REAL DEGREE, THEY JUST
TAKE ALL OF YOUR MONEY FOR ALMOST NOTHING.
SCOT-FREE.
WE CAN'T TOUCH THEM BECAUSE THEY ARE RICH.
LOOK AT CHARM, HE RAN TRUMP UNIVERSITY.
TOTAL SCAM, SUED OVER AND OVER AGAIN, NOT A REAL DEGREE.
TRUMP WENT BANKRUPT FOUR TIMES.
YEAH, OF COURSE I'M RICH.
HAVE TO PAY MY CREDIT.
>> THEY ARE ABOVE THE LAW.
>> IF YOU ARE A REGULAR GUY AND YOU GOT A LOAN FOR YOUR HOUSE OR
YOUR CAR OR CREDIT CARD, THEY WILL CRUSH YOU.
YOU HAVE
STUDENT DEBT, YOU CANNOT DECLARE BANKRUPTCY.
YOU ARE IN
INDENTURED SERVANT FOR LIFE.
BUT IF YOU ARE DONALD TRUMP, OR
KRIS JENNER, WHO CARES.
I WILL SCAM ALL OF THE PEOPLE THAT I
WANT, I WILL COLLECT ALL OF THE MONEY AND I WON'T PAY ANY OF IT
TO ANYBODY THAT I WORK WITH.
I AM ABOVE THE LAW.
I AM RICH IN
AMERICA.
IT IS SICKENING.