Campaign Updates

August 1, 2016 Press Release

ICYMI: NH1 News Report Shows Ayotte’s Connections to “Trump-Style” For-Profit University Run Deeper Than She Wants Anyone to Know

CONCORD – This morning, NH1 News revealed that Kelly Ayotte accepted a $1,000 check from a managing director at Warburg Pincus, the majority shareholder of the “Trump-Style” for-profit university whose PAC donated thousands of dollars to Ayotte’s campaign. This check was not returned, despite the Ayotte campaign’s claim that they returned all donations related to Bridgepoint Education after “concerns” were “brought to their attention.”

“Senator Ayotte has not only taken thousands of dollars in contributions from Bridgepoint Education, a for-profit university with a history of preying on veterans, but it turns out she’s also accepted contributions from the Wall Street firm that backs Bridgepoint,” said Maggie for NH Press Secretary Meira Bernstein. “Ayotte’s connections to Bridgepoint go deeper than she wants anyone to know – and Granite Staters won’t forget her efforts to mislead them come November.”

You can view a timeline of Ayotte’s relationship with Bridgepoint Education here.

Click here for full story or see below for excerpts:

New records suggest that Sen. Kelly Ayotte accepted a $1,000 check from a managing director at a private equity firm that’s the majority shareholder of a for-profit university that’s under investigation for allegedly misleading veterans out of their personal savings.

…[Ayotte] accepted the check on June 29 from Kenneth Juster, a managing director at Warbug Pincus, which is a majority shareholder of Bridgepoint.

Ayotte said she returned $8,000 in contributions she received from Bridgepoint’s political action committee, Bridget PAC, from Feb. 2015 through February of this year, after media reports indicated the company was under investigation.

The Hassan campaign and state and national Democrats have fired away at Ayotte for a couple of months over what they say is the senator’s close relationship with the for-profit university, which is under investigation by the federal Consumer Financial Protection Bureau, the Securities and Exchange Commission, and by the attorneys general in several states, for its marketing and advertising towards veterans.

‘I continue to be concerned about Sen. Ayotte’s ties to Bridgepoint University,” Hassan told NH1 News in a recent interview. “While she’s given a couple of varying answers about how much she knew about Bridgepoint, what voters in New Hampshire need to know is that Bridgepoint University preyed on veterans and our most vulnerable and really took advantage of them.”

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