Owner of Defunct For-Profit Charged With Illegal Closing

October 20, 2016

Ernesto Perez, the owner of the defunct Dade Medical College in Miami, was charged with two misdemeanor counts related to the abrupt closure of eight of the college's campuses, according to The Miami Herald.

About 2,000 students and 400 employees were affected by the closure. Under state law, college owners must notify Florida's Commission for Independent Education at least 30 days before closing. Investigators found that Perez notified the state, students and later the commission within a five-hour time frame.

The college closed in October 2015 after receiving increased scrutiny from federal officials.

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