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May 2015 Archives

ITT Educational Services accused of fraud

ITT Educational Services, a for-profit college operator, has been charged with fraud by the Securities and Exchange Commission. In its federal lawsuit, the agency has alleged that the defendant concealed from investors the poor results of its earlier decision to to provide guarantees to lenders participating in two of its student loan programs. ITTESI operates ITT Technical Institute, which has students from Maryland and around the country.

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