TRACK THESE TOPICS My Portfolio Alerts Company: ITT Educational Services, Inc. Add Create Column: Herb Greenberg Create
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According to the suit, "ITT Institutes in California and Memphis both carried out systematic and orchestrated document destructions, undoubtedly to conceal the fraudulent activities from government investigators."
According to a "corroborated" account by a former student recruiter, the suit alleges that several ITT employees "spent an entire Saturday in October 2003" at ITT's Anaheim, Calif. campus "removing and destroying financial aid documents and records related to student attendance and grades before an impending review by California state auditors concerning student financial aid matters.
"The former employee recalled that 'everyone was in a panic' as they removed student records from cabinets, shredded the records and placed the shreds in large plastic bags to be transported away for disposal using an employees car."