I’m surprised that there hasn’t been more focus by the media on what the English language school Nova really was. Nothing more than a long lived Ponzi Scheme.
Archive for October, 2007
Last Friday (26th October 2007), Nova filed for bankruptcy and court protection from creditors, and also temporarily closed all of its 1000+ English conversation schools. It is hard to imagine any other event which could cause as much disrupt the the “Eigoken” foreign population in Japan, short of war or Government meltdown.