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Re:Lambda School fined $75k by CA for operating without stat... by jstanley on Monday July 29, 2019 @12:43PM (#20556540)
Except, it doesn't, because if you're scamming people out of huge sums of money you don't give a shit if you're registered with the regulators.
Re:Lambda School fined $75k by CA for operating without stat... by paulgb on Monday July 29, 2019 @01:33PM (#20557121)
You do if you want the scam to keep going. See Corinthian Colleges, for example. (Or Trump University's recent settlement, for a more recent example.)

https://en.m.wikipedia.org/wiki/Corinthian_Colleges

Re:Lambda School fined $75k by CA for operating without stat... by joncrane on Monday July 29, 2019 @02:15PM (#20557589)
Have you ever heard of a company called Wells Fargo?