Financial Crime: ‘Bamboozled’: Texas for-profit school operator took $72M in veterans’ GI Bill cash and bought mansion, Lamborghini, Ferrari

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The owner of a fly-by-night Texas trade school has been sentenced to nearly 20 years in prison for taking $72 million in GI Bill cash to give veterans HVAC training but leaving them lacking even basic skills.

Prosecutors say Jonathan Dean Davis, 43, charged up to $21,000 for a six-week program at his Retail Ready Career Center near Dallas, draining their GI Bill benefits but giving them little marketable training in heating and air conditioning repair.

When…