New Oriental, China’s biggest private educator, has been accused of academic fraud. Thanks to two enterprising Americans, it has also gained access to leading U.S. college admissions officers. …
Updating recent CC threads on this topic.
http://www.reuters.com/investigates/special-report/college-charities/
http://mobile.reuters.com/article/idUSKBN13R2EG
"Shares of New Oriental plunged after Reuters reported the council’s plan to open a probe. The drop in the stock, as much as 24 percent at one point on Friday afternoon, erased more than $1.8 billion from the company’s stock market value at its lowest point. It closed the day down 14 percent at $42.00. "
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