Back in 2015, Old Guy wrote this little ditty (based on a famous old dance tune) to an über-toilet called the Charleston School of Law:
♪ Charleston, Charleston,
Made in Carolina.
Some sham, some scam,
You'll take it up the vagina
Down in Charleston, Charleston,
Lord, how they can swindle!
Ev'ry time they pull
O'er your eyes the wool,
Don't believe their bull:
They've made pocketsful.
Damn sham, flim-flam,
Will be a back number;
But at Charleston, yes, at Charleston,
That scam school's surely a comer!
Some time they'll bilk you one time,
The scam school called Charleston,
Made in South Carolin'. ♪
For the early history of Charlatan Charleston, see this old article.
After an unsuccessful bid to sell the dump to InfiLaw (which itself has gone tits up or, more likely, has found another scam-business into which to put its ill-gotten gains), the so-called leadership of Charleston has revived the old plan to go for "non-profit" status: recently it asked the ABA to "acquiesce" to this proposal. Old Guy takes "acquiescence" to be a polite reference to the old-fashioned wink and nod, wherewith the ABA can enjoy plausible deniability of responsibility while the new "non-profit" institution distributes money in less dividend-like ways.
This Civil War paradise of scamry is perfectly odious, drawing much of its class from the 140s on the LSAT and leaving many unable to use their costly Mickey Mouse JDs for purposes much better than lining the spindle in the necessary room. In recent years it has been fingered by the scam-cultivating ABA for falling below so-called standards for success on the bar exams and by the US Department of Education for being one of the two schools whose graduates perfomed so badly in the department of "gainful employment" as to call continued access to student loans into question. Its survival testifies to the degree of entrenchment of the law-school scam.
And now we are told that the owners are just surrendering it to "non-profit" status, without taking a penny for it. Well, as Laocoön wisely put it, Quidquid id est, timeo Danaos et dona ferentes. The Valparaiso University School of Law, which unaccountably preferred to call itself Valpo, tried to give itself away to distant Middle Tennessee State University, but the Tennessean authorities stepped in to scupper that little Trojan horse. Indiana Tech tried to fob itself off by offering free tuition to an entire entering class, but only fifteen people swallowed the bait—and the über-toilet announced its closure a year later.
Owners who diligently extract money from their plutocratic entity don't ordinarily give away a profitable going concern, so the prudent anti-scam activist will suspect something less savory—perhaps unprofitability, perhaps a veiled quest for filthy lucre. Whatever may be going on, expect the ABA's "acquiescence", which will save the scamsters the trouble of getting out their rubber stamp.