Formerly Nyack College, the school was in bad financial shape for several years. The loss of accreditation earlier this week forced a reckoning.

The abrupt departure of Alliance University and The King’s College leaves a hole in an influential city.

A former director of Bill Hwang’s investment firm, seeking millions in compensation, said Grace and Mercy was used as a financial “escape pod.”

Bill Hwang is at the center of what white-collar crime experts see as Wall Street’s biggest indictment since Bernie Madoff.

The New York City school is beginning layoffs of staff and faculty. It was in a financial crisis and lost its accreditation.

The school formerly known as Nyack College has had money troubles for years. But school leadership is optimistic with rising enrollment.

比尔·黄（Bill Hwang）是白领犯罪专家眼中的自伯尼·麦道夫（Bernie Madoff）以来华尔街最大起诉案的中心。

화이트칼라 범죄 전문가들이 버니 메이도프 이후 월스트리트의 가장 심각한 기소 대상으로 보는 범죄의 중심에 빌 황(Bill Hwang)이 있다.

Appointment of author and speaker prompts the questions: How Catholic is he? And how Protestant is the Campus Crusade–affiliated school?