We can discuss code camp pro/cons all day, but the article spells out that there was little coding being taught here.
Instructors with little tech experience, high rate of firing and stuff turnover, students being told to "google it", operating without licenses, all while the founder has fancy offices in Chicago with rapacious and alcoholic parties.
Amanda Laucher, the founder, essentially stole funds from governments and made false promises and is now going to Law School in Chicago. Meanwhile, these people quit their jobs on false hope and now are unemployed or have to rejoin at the bottom of the rung.
Assuming the article is fair, this is a sad situation and Laucher should be prosecuted.