According to news reports, the NY Attorney General's investigation found that CECO had inflated placement rates substantially: For example, in FY2009 and FY2010, it reported New York placement rates of 54.9% and 80.2%, when the in fact the rates were 24.1% and 64.1%. Additionally, CECO’s tactics for placement rates included counting students as employed for taking part in one-day health fairs, some of which were held at the request of CECO.
Some will say "the new team is taking steps to address that". It's one thing to admit it...it's another thing to fix it. Something is wrong with their model when placement rates are that low.