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The CEO and others officials of Fast Train College, a for-profit chain in Florida that closed in 2012, have been indicted on charges of conspiracy and theft of government funds, The Miami Herald reported. The alleged conspiracy involved recruiting students without high school diplomas, enrolling them, and coaching them on how to obtain federal student aid for which they were ineligible. According to the indictment, the college received more than $6 million in this way. Those indicted could not be reached for comment.
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