Grand Forks Herald
“Minnesota Attorney General Keith Ellison wants a now-defunct chain of for-profit colleges to liquidate its remaining assets to repay the students it defrauded.
Ellison’s office filed a motion in U.S. bankruptcy court Jan. 3 seeking to either dismiss a Chapter 11 bankruptcy filing by Globe University and the Minnesota School of Business or to convert the case to a Chapter 7 asset liquidation.
The court documents also provide new details about how school leaders moved nearly $18 million in proceeds from real estate sales to owner Terry Myhre and his family days after a judge found the schools committed fraud.”
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