For-profit college group sued as U.S. lays out wide fraud — from the New York Times by Tamar Lewin
Excerpt:
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.