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Career Education Corp. Message Board

  • streyraven streyraven Aug 22, 2013 2:49 AM Flag

    ceco news

    Of the dirty deeds that Career Education Corporation (CECO) committed, Huffington Post reports the New York Attorney General’s investigation revealed examples like counting students as “placed” in a job if they were involved for a day at a community health fair, even if they weren’t hired. Or, they counted a criminal justice graduate, for example, as employed in that field because he or she processed parking ticket data, and so dealt with the courts. And employees of these schools received bonuses for achieving certain job placement rates, which were inflated as much as 50% according to the settlement.

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    • Here's the link to the article
      http://finance.yahoo.com/blogs/daily-ticker/profit-college-scams-hurt-students-taxpayers-121740602.html

      It cost $10 million to settle the case in NY. The company is also the subject of four additional ongoing AG investigations that we are aware of – Florida, Illinois, Oregon, and Massachusetts. You have to believe more fines are on the way.

 
CECO
5.73+0.08(+1.42%)Nov 26 4:00 PMEST

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