Warren National University / Kennedy Western - Financial Statements and Articles

Now that Warren National University / Kennedy Western University has been shut down, the details keep coming. The Cheyenne Herald has posted the KWU 2003 and 2002 Audited Financial Statements and an article.

"Kennedy-Western University was a gold mine. A veritable gold mine. And its students were the canaries"

http://www.cheyenneherald.com/_pdf/March%202009/Breaking%20story%20-%20KWU%20financials.pdf

 

Amazing stuff. If they were taking in $25 million a year in 2002, and have been around for 20+ years, it seems safe to predict that they might rival the Romanian-based American-run University Degree Program (UDP) for the biggest ever. UDP is believed by FBI sources to have taken in $450 million over nine years. Ronald Pellar and his Columbia State University could only manage $72 million.

 

I would guess that the UDP had much lower costs. So their profits probably far outstrips KWU/WNU.