For-Profit College Group Sued as U.S. Lays Out Wide Fraud

August 8, 2011

The Department of Justice and four states on Monday filed a multibillion-dollar fraud suit against the Education Management Corporation, the nation’s second-largest for-profit college company, charging that it was not eligible for the $11 billion in state and federal financial aid it had received from July 2003 through June 2011.

SOURCE: The New York Times

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