← Timeline

Recently departed bootcamp exec, my thoughts on the industry

r/codingbootcamp

u/jcasimir wrote (the comment Michael replied to):

All going to be fine from the IRS / law perspective. It’s essentially like they’re just bad at running a non-profit.

u/michaelnovati replied ·
So really the main legal factor then is just taxes? If somewhere in the money chain taxes aren't being paid as a result of the scheme, that would be an IRS issue, and if a fraudulent scheme was in place to avoid taxes, could be a criminal issue. That's interesting, so ultimately it's up to the public then to see a scheme like this and just not trust the games being played?