Failure to deliver on time.

I have a question regarding the failure of a company to deliver a product on time.
Before my question however, I would like to share a story:

There was a newly created school in NY for 5 year olds. This school promised to essentially turn 5 year olds into Einsteins within 30 days. Its promise was that it would increase the IQ of a student by 30-40 points. The "guy running the school" (the Principal) was a highly qualified individual who was well liked by both the school's staff as well as the parents. Every parent who enrolled their child into the school believed that the school could indeed significantly increase the IQ of their children. Their wish was that they're child could someday grow up to change the world for the better. The blogs and reviews for the school were extremely positive. The school's advertisements could been seen everywhere. If a Google search of the words increase+IQ were performed, the first paid ad that appeared was for the school. But the clouds began to darken.

A parent, concerned that 30 days had elapsed and her 5 year old son "Johny" still didn't know his ABC's began to dig into the background of the staff and to her surprise discovered that a "high level executive" within the schoold was a Registered Sex Offender (a pedophile), a Level 1 to be precise (the most violent/determined to reoffend again). He was arrested and convicted of raping a 5 year old boy. This "high level executive" was actually on parole and a condition of his parole was that he not have any contact with children. His presence in the school as a "high level executive" was therefore a clear violation of the conditions of his parole.

When the concerned parent began telling the other parents about what she had discovered, they began to surmise that maybe, just maybe, this "high level executive" was actually the one pulling all the strings in the school and that the "guy running the school" (the Principal) was just a front man, after all, you couldn't have a convicted pedophile as the Principal of a school for 5 year olds. More rumors began to spread that maybe, just maybe, the entire school was a scam devised by the convicted pedophile as a means to gain access to hundreds of 5 year olds, where he could have his pick.

As word began to spread, parents began to remove their children from the school. Many parents however, kept their children enrolled despite the fact that their 5 year olds would be in the same building on a daily basis with this convicted pedophile. They continued to keep their children in the school even after 60 days elapsed and there was no increase in their child's intelligence, then 90 days and no increase, then 120 days and no increase, then 150 days and no increase, then 180 days and no increase. Eventually, the school year came to an end and the children were no smarter than the day they first entered the school. But despite this, some parents planned to re-enroll their children the following year. Their rationale was that they believed that the school could deliver even after it failed to deliver month after month for the prior school year.

When asked why they would keep their children in the school after its failure to deliver as promised, they couldn't provide a logical answer. They would always provide a statement that translated into "I still believe in the school because I have hope that they might deliver" and when asked about the convicted pedophile lurking within the school, they responded that he wasn't a teacher nor was he the principal, he was a "high level executive" walking amongst their children on a daily basis.

So my question is as follows--->

If you were to initially enroll your child into this school and it continued to fail to deliver (increase his/her IQ by 30-40 points in 30 days) and then you discovered that a "high level executive" working inside of the school was convicted pedophile, would you keep your child in the school?