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The Honolulu Advertiser
Posted on: Thursday, August 11, 2005

Pharmacy college to close

By Rick Daysog
Advertiser Staff Writer

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More than 100 students of the Hawaii College of Pharmacy will have no school to return to this fall.

H.A. Hassan, the college's dean, said yesterday the school will be forced to close while a state judge decides whether the college misled students about its accreditation.

The state Office of Consumer Protection sued the Kapolei school last month alleging that it improperly collected $7 million in tuition payments from 240 mostly out-of-state students.

Circuit Judge Sabrina McKenna yesterday extended a freeze on assets owned by the school and its founders, David Monroe and Denise Criswell. McKenna said Monroe and Criswell "need to be made responsible for their actions."

"We're talking about broken dreams, promises and representations made to (students). This is their lives we're talking about," said McKenna, who temporarily froze on the school's assets last week before extending it indefinitely yesterday.

"Clearly, there were unfair and deceptive trade practices."

Hassan said that McKenna's order forces the school to shut down because it can no longer meet its operating expenses. Hassan said the college is in the process of informing its remaining 123 students of the court's decision.

"Our students are the ones hurt most by this decision," Hassan said.

"It is now impossible to pay faculty, staff, rent or any other operating expenses, both incurred and in the future, effectively closing the Hawaii School of Pharmacy."

One returning student, Benjamin Keroles, urged McKenna not to freeze the school's assets, saying he's optimistic that it will eventually obtain the proper accreditation. While it made some mistakes, the college provided him with a good education, Keroles said.

But student Brandon Camp said many students, who paid $28,000 each in annual tuition, came to the college because the school officials represented themselves as "something that they weren't."

"This $28,000 is a lot of money," Camp said.

In its suit, the state is asking for the appointment of a receiver to take over the school's assets and for an order barring the private institution from collecting tuition. The suit also asked that the school pay restitution to students.

During yesterday's hearing, Jeffrey Brunton, an attorney with the Office of Consumer Protection, said he has found about $2 million in assets held by the college and its founders.

Brunton pointed to two bank accounts in Nevada controlled by Monroe, who was formerly known as David Yacas, and a stock- brokerage account in Hawai'i.

A recent affidavit by state investigator James Dooman said Monroe, the college's secretary and director, owns a $500,000 home in Kentucky and that Criswell, the school's president and chairman, owns property in Las Vegas.