College Shut Down After Feds Uncover Money-Laundering

( )- New York has banned Olivet University from operating in their state, citing claims that the college is still being run by a people who were linked to a criminal conspiracy back in 2018.

David Jang founded the Evangelic Christian university back in 2000. He is a cleric who is of Korean descent. Some of his followers, though, have been the target of an investigation conducted by the Department of Homeland Security that’s looking into whether they used Olivet University as a way to launder funds for people who commit crimes in both the United States and China.

This week, the deputy commission of education in New York banned Olivet University’s authorization to offer courses and programs that are credit-bearing in the state of New York. In announcing the move, he cited “a pattern of mismanagement” at Olivet, as well as the university’s ties to “criminal activity.”

Olivet University also has campuses located in California and Tennessee that are in operation but are likely to face scrutiny as well. It’s even possible that Homeland Security could ultimately decide to revoke the university’s authorization to accept students from overseas.

The New York Department of Education made the final decision to shutter the state campuses in Dover and Manhattan on May 17, when a review into their practices that took two years to complete ended.

During that review, investigators with DHS searched the headquarters of the college, which is located in California, as one part of their larger criminal investigation into whether people have committed money laundering, labor trafficking and visa fraud.

Back in 2018, the Manhattan District Attorney revealed indictments for money laundering and fraud by Olivet University that, at the time, weren’t related at all to the DHS investigation that’s being conduct now.

The university as a whole pleaded guilty to the money laundering charges then, and several of Jang’s followers — and some of the companies they ran — did, too.

The college had appealed the Department of Education’s May 17 decision. But William Murphy, the deputy commissioner of education, rejected that appeal. He sent them a letter that claimed the university hasn’t done much at all to right its wrongs of the past.

In addition to rejecting Olivet University’s appeal, Murphy also blocked them from apply again for certification that would allow them to operate in the state. The state DOE shared the letter it sent to Olivet with media outlets but didn’t comment further on the matter.

Murphy’s decision was effective immediately.

In the letter, Murphy wrote that a review conducted by the DOE found “Olivet has a well-established pattern of noncompliance with laws, rules and regulations. The record reveals to me a larger pattern of only coming into compliance only when forced to do so.”

He added that he believed Olivet didn’t have the economic resources to be able to fulfill their mission. In addition, Murphy said that Olivet University never purged the leadership team of the people who were in positions of power when the financial crimes were handed down — which demonstrated they were unwilling to change.