(2005-11-21) Weld Decker Scandal

In the days since William Weld left Decker College (College Education) here to focus on a race for governor of New York, the commercial trade school has been raided by federal agents, declared bankruptcy and left hundreds of students marooned without classes. The turmoil has cast a new spotlight on Mr. Weld, the former Republican governor of Massachusetts, who served as chief executive officer of Decker through October and whose investment firm has a minority stake in the college, which offered courses like computer keyboarding and carpentry to low-income students.