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A comment on CFPB Takes Action Against Coding Boot Camp BloomTech and CEO Austen Allred.

Re:CFPB Takes Action Against Coding Boot Camp BloomTech and ... by sensanaty on Thursday April 18, 2024 @04:54AM (#40074232)
If my math is correct, they scammed roughly $44M from ~11000 people... And the fine is somewhere around $150k? In what universe is that an acceptable punishment? Whoever is running the show here should be thrown to rot in jail for the next few years, not this love-tap they're getting.
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Re:CFPB Takes Action Against Coding Boot Camp BloomTech and ... by ack_inc on Thursday April 18, 2024 @05:03AM (#40074280)
I'd say your math is wrong. Only a small % of the 11,000 people are going to agree they were scammed.
[ Parent | on HN ]
Re:CFPB Takes Action Against Coding Boot Camp BloomTech and ... by Kalium on Thursday April 18, 2024 @10:49AM (#40076878)
The fine is not the punishment. The bans are the punishment. They gut the business model, likely shutting down the business entirely in short order.

Making people whole is what civil lawsuits are for. Which, if I understand correctly, will be much easier with this order and findings in place. That will be some serious financial punishment on top of the ban.

[ Parent | on HN ]