CEO of LendEDU admits 'founder' of a partner site is fake [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
A spokesman cited in publications, including a CNBC story in March about students using their financial aid money to invest in cryptocurrencies, is a fake, the CEO of a partner website has admitted. Nate Matherson, CEO of student loan refinancing company, LendEDU, said he started The Student Loan Report — studentloans.net — in 2016. Its stated mission is to provide unbiased coverage on the latest student loan news and information. The author and founder of the news site, Drew Cloud, has been quoted in stories by publications including CNBC.com , The Washington Post , Fortune and The Boston Globe . The news was first reported by The Chronicle of Higher Education. In a telephone interview Wednesday with CNBC, Matherson confirmed that Cloud was a not a real person. When we made the decision to use a pseudonym two years ago, it was a mistake, Matherson said. The story in which Drew Cloud is quoted originated from an email pitch C
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