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What happened in this country to personal responsibility?

What happened to fraud being frowned upon? If you take someone's money in exchange for something you can't follow through on, that is fraud, pure and simple. Shouting "caveat emptor" doesn't change that, and doesn't change the fact that fraud needs a remedy.

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Of course fraud is frowned upon. You seem to be jumping to the conclusion that these companies are definitely up to no good. Can you provide any evidence of that anecdotal or otherwise that they are defrauding people?

The allegation seems to be they are charging a lot of money for something they can't deliver on (i.e., a promised high placement rate in well-paying jobs).

That would be fraud, and if it's happening, it's entirely OK to do something about it.

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