Corinthian Colleges said Friday that the U.S. Department of Justice is investigating whether the company defrauded the federal government.
The investigation, under the False Claims Act, concerns “allegations related to student attendance and grade record manipulation, graduate job placement rate inflation and non-Title IV funding source misrepresentations,” the company told investors. The disclosure comes as Corinthian is also facing three criminal probes by the Department of Justice. Federal prosecutors in California, Florida, and Georgia have all issued grand jury subpoenas to the company. Corinthian is also in search of sources of liquidity as it seeks to sell off and close its campuses as part of an agreement with the U.S. Department of Education.
You must verify your email address before signing in. Check your email for your verification email, or enter your email address in the form below to resend the email.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
Create New Password
This email address was registered with a social account. We've sent an email with instructions to create a new password, which can be used in addition to your linked social providers.
Expand commentsHide comments — Join the conversation!