Fri Oct 22, 2010 12:53pm EDT * Probe into possible unfair, deceptive practices - filing
* Apollo says evaluating notice and subpoena
Oct 22 (Reuters) - Apollo Group Inc (APOL.O) said Florida has started an investigation into possible unfair and deceptive practices at its University of Phoenix, the largest for-profit college in the United States.
The notice from the Florida attorney general includes a subpoena to produce documents and information about the university's business from Jan. 1, 2006, to the present, Apollo said in a regulatory filing.
The company is evaluating the notice and subpoena, it said in the filing.
Apollo and peers have come under fire from regulators and the Obama administration for saddling students with big debts and not fully preparing them for jobs.
The result is that no eyes — except those of the TWC — ever examine the outcomes of thousands of students at Texas for-profit schools. It's clear the TWC is not looking, based on records News 8 has obtained. Column after column of students were listed on TWC forms as "employed" at the oddly-named firm Alexus Dutchess — 176 in all, as shown in records News 8 eventually obtained from sources. Alexus Dutchess turns out to be a paper company, used by Everest's former career services director Irma Spears. The company was created by Katherine "Dutchess" Henderson, a friend of hers.