The situation this conman created is just like the Silver State Helicopter fiasco that happened in 2008 (HQ based in Las Vegas). Only difference was the owner was siphoning money from multiple flight schools across the U.S. for his personal use and gifts for influential people to further his political aspirations. 2500+ students were left holding student loans up to $70K. Though there was a class action lawsuit that resulted in most students having to repay loan amounts based on certificates earned, what happened to the owner as far as prison time was never revealed. An expensive lesson.