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This was done so that failing grades would neither hinder the ability of the almost 100 percent Indian student body to hold onto their student visas, nor their student loans from back home. In short, the motive appears to have been purely financial. Altering grades for those purposes should blow NPU out of the foreign student business, but it retains its DHS granted power to issue the forms needed by its 6,000 students to get F 1 student visas from the State Department. Hensley Clancy's coverage also shows institutional behavior that should threaten its IRS status as a charity. She reports, for instance, that NPU has purchased seven large houses, all for more than a million dollars each, that are used primarily by members of the extended family of Peter Hsieh, the current president of the place, and the son of the former president, George Hsieh. We reported earlier that despite 501c3 status, the annual financial reports Form 990s have shown no gifts to the entity, none, nor any government grants, but they did show, in 2014, a thunderous level of profits. For every $100 received, $73 was recorded as surplus. "Co founded by McAuliffe, funded with foreign money, GreenTech missing targets" was the headline in Sunday's Roanoke Times, which is, incidentally, the hometown paper of the chair of the House Judiciary Committee, Bob Goodlatte R Va. , whose committee is considering the proposed extension of the heart of the EB 5 program, now scheduled to sunset on September 30. GreenTech is the company that said it planned to build tens of thousands of small electric cars with EB 5 funding; until a few years ago it was headed by Terry McAuliffe, now governor of Virginia who is under investigation by the FBI on a different matter. Reporter Jeff Sturgeon secured a copy of the 34 page decision by USCIS denying a petition for a temporary green card filed by a resident of Inner Mongolia, China, who had made an investment in GreenTech.


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