Beyond Decker
So the website of Wave 3 news, an NBC affiliate way out in Louisville, has a story on its Website that Bill Weld might want to read. The web site reports that FBI investigators are checking out a trade school (ring a bell?) owned by two brothers, Jeffrey and Gerald Woodcox. This school was set up to test truckers applying for commercial licenses, but the brothers also ran Decker College Inc, which Weld became chief executive of in January 2005 for a salary of $700,000.
That enterprise, of course, turned out to be a major headache to Weld and a threat to his ambitions for the Governor's mansion when the Feds began investigating it for forging documents to get federal loans. Weld has staunchly denied any wrongdoing, but he must be cursing himself for getting into business with the Woodcox brothers to begin with.
From the Wave 3 report.Investigators say up to 4,000 truck drivers in the Midwest got their Commercial Drivers Licenses without the proper testing, at a testing center called CDTA. CDTA is owned by two brothers: Jeffrey and Gerald Woodcox of Louisville, although the testing center is located outside of St. Louis, in Sikeston, Missouri.—Jason Horowitz
Weld and the Decker College scamboys not only ran a trade school that didn't teach a trade, and a trucking school that didn't truck drivers how to drive they also ran an aviation school they that didn't teach pilots how to fly.
There are hundreds, no thousands of stories of students who were duped out of their student loans by Decker and its affiliates under Weld's reign. It's tragic, frightening and disgusting.
Weld's disclaimer sounds suspiciously like the Enron defense.
More likely, Weld is kicking himself for getting caught. This self-styled experienced chief executive who ran Massachusetts and wants to run New York didn't know what was going on?
Leeds Weld equity partners was invested in Franklin Career Services as well, which was the parent company of CDTA. In light of this latest development I believe Weld needs to explain his involvement.
Ah yes. Franklin Career Services - the one Weld says did nothing wrong. Oh, Decker, the FCS sequel. Nothing wrong there according to Weld. The former prosecutor, said it passed his "due diligence" standards before he invested ... Problems? He was only in charge. What would he know?
I used to work for these guys. They are a piece of work. Lots of stories to tell.