Arthur Keiser, the Chancellor and CEO of Keiser University, located in Florida, has been sued by his 96-year old mother, Evelyn Keiser, for allegedly cheating her out of income generated by businesses they own together.

A family dispute has escalated over a lucrative for-profit college fortune.  There are charges and counter-charges, as well as an effort by Arthur Keiser to have his mother declared incapacitated by a probate court.

In a complaint filed April 17, 2020 in Florida state circuit court in Broward County, Evelyn Keiser alleges that her son Arthur Keiser and his wife Belinda Keiser owe her rental income, as well as her share of $20.5 million from the 2016 sale of two properties, in Melbourne and Daytona Beach, Florida, to Arthur Keiser’s Everglades College, the non-profit entity that owns Keiser University.

Evelyn Keiser’s complaint charges Arthur and Belinda Keiser with breach of fiduciary duty and unjust enrichment, and also accuses Arthur Keiser of fraudulent concealment and of conversion, which means taking someone else’s property without consent — the civil law equivalent of a criminal theft charge.

Mrs. Keiser also alleges that her son used money from their businesses to make political contributions that, if given as individual contributions, would have exceeded the legal limits of campaign finance laws.

Arthur Keiser is politically-connected and has long been a central figure in efforts by the for-profit college industry to get its way in Washington.  He is also currently the chairman of a federal committee charged with advising Trump Secretary of Education Betsy DeVos on higher education issues.

Information Excerpts from Republic Report