ACLAS: Is this even legal?

[asianphd]

Has anyone had experience with or knowledge about the Atlanta College of Liberal Arts and Sciences (ACLAS)? I've found some concerning information I want to share:

Key points about this institution:

• Claims to be based in Atlanta, Georgia
  
• Offers online MBA, MCS, and DBA programs
  
• Only has CPD (Continuing Professional Development) recognition, NO formal academic accreditation
  
• Currently appears on the Georgia Nonpublic Education Commission (GNPEC) consumer alerts page
  

I'm curious about two things:

1. What's the business model here - how do they sustain operations without accreditation?
   
2. Are there any regulatory/legal implications for operating this way in Georgia?
   

If anyone has insights about similar institutions or relevant regulations in Georgia, I'd appreciate learning more.