Sunday, 16 November 2008

"Approval-Seal" Scams

Approval-Seal scams have proliferated over the Internet. Beware of any scholarship search service sponsored by and/ or promoted by National Association for College Admission Counseling (NACAC), and National Scholarship Provider's Association., a/k/a/ NSPA

If an organization displays any sort of "approval seal" of these organizations, it is virtually guaranteed that their services are incomplete, heavily censored, and catered to "preferred listings" in the same way of the massive student-loan fraud investigated by the New York Attorney General.

Beware of any "approval seal" issued by a non-profit organization to a for-profit company. This sort of transaction is typically a back-handed way of paying a for-profit entity a fee to act in a manner that is otherwise and generally prohibited if the non-profit acted alone.

Such "Approval-Seals" often come with political overtones, and commercially-sponsored links to members of the non-profit. In various cases, such
"Approval-Seals" may be akin to paying a fee to a reporter to write certain articles, or paying a radio station to play certain records.

Both NACAC and N.S.P.A. have ties to National Association of Student Financial Aid Administrators (a/k/a/ NASFAA). The office of the N.Y. York Attorney General has tied many members of NASFAA and NACAC to deceitful acts, and fraudulent conduct involving student-loan fraud. Both organizations have ties to the massive student loan fraud amongst its many members, and have ties dating back to 1996 to notorious federal informant Mark Kantrowitz.

In their literature, NACAC makes the claim that their Seal of Approval is "designed to help our audience make choices about the growing number of available admission counseling resources as they consider options beyond secondary school." This is crap. In our opinion, the seal is a for-profit technique designed to circumvent standard moral and ethical customs that traditional non-profit organizations should abide by.

As proof, what State Bar association is going to allow an attorney to sale or barter a "Seal of Approval" to for-profit businesses or private persons??

The business of "Approval Seals" by non-profit organizations is the backbone that led to the under-reporting and non-detection of student-loan fraud.

There are numerous public documents, and documents that federal agencies (U.S. Department of Justice, United States Postal Service, FTC, Dept. of Education) WILL NOT release under the Freedom of Information Act that implicate informant Kantrowitz with certain officials associated with NACAC, N.S.P.A., and NASFAA.

Until and unless these documents are made public, we must assume that any organization bearing the "Approval Seal" associated with NASFAA, or NACAC or N.S.P.A., is prone to suspicions and perhaps even fraud!!

Thank you!

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