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https://www.sec.gov/news/pressrelease/2015-86.html
May 12, 2015 · “Our complaint alleges that ITT’s senior-most executives made numerous material misstatements and omissions in its disclosures to cover up the subpar performance of student loans programs that ITT created and guaranteed,” said Andrew J. …
https://www.sec.gov/litigation/complaints/2015/comp-pr2015-86.pdf
Carmel, Indiana. ITT is a for-profit higher education company with more than 50,000 students at its campuses in 39 states and online. ITT’s stock is registered with the Commission pursuant to Section 12(b) of the Exchange Act, and is quoted on the New York Stock Exchange. 13. ITT filed registration statements on Forms S-8 in May 2006 and May ...
https://www.washingtonpost.com/news/grade-point/wp/2018/07/09/itts-top-executives-settle-fraud-charges-with-sec/
Jul 09, 2018 · “It is outrageous that the executives get to walk away with a sweetheart deal from the SEC while ITT students will be lucky to get a sliver of justice in ITT’s bankruptcy and the Department of ...
https://www.washingtonpost.com/news/grade-point/wp/2017/07/03/sec-settles-fraud-charges-against-defunct-for-profit-college-company-itt/
Jul 03, 2017 · According to the complaint, ... The loan programs in that case are at the heart of the SEC lawsuit. ITT created the two in-house student-loan programs as …
https://www.consumerhelpcentral.com/itt-sec-lawsuit/
May 14, 2015 · “Our complaint alleges that ITT’s senior-most executives made numerous material misstatements and omissions in its disclosures to cover up the subpar performance of student loans programs that ITT created and guaranteed,” said Andrew J. …
https://www.latimes.com/business/la-fi-sec-itt-20170703-story.html
Jul 03, 2017 · The loan programs in that case are at the heart of the SEC lawsuit. ITT created the two in-house student-loan programs as private lenders retreated from the market at the height of the 2008 ...
https://www.insidehighered.com/news/2015/05/13/sec-charges-itt-fraud-over-student-loan-programs
May 13, 2015 · It revolves around how ITT induced investors to finance the loan programs’ risky lending by backing it with guarantees from the for-profit’s own coffers. By 2012, according to the SEC’s 56-page complaint, the loans had “performed so abysmally, with extremely high default rates, that ITT’s guarantee obligations began to balloon.”
https://www.chicagotribune.com/business/ct-biz-itt-tech-fraud-charges-settlement-20180709-story.html
Jul 09, 2018 · And when students began defaulting en masse around 2011, all investors could rely on was the company's word, according to the SEC complaint. The …
https://consumerist.com/2016/01/21/whistleblower-lawsuit-accuses-itt-tech-of-defrauding-government-using-deceptive-recruitment-practices/
Whistleblower Lawsuit Accuses ITT Tech Of Defrauding Government, Using Deceptive Recruitment Practices ... According to the SEC complaint ... the SEC alleges that ITT and the executives engaged in ...
https://www.stripes.com/news/us/sec-settles-fraud-charges-against-defunct-for-profit-college-company-itt-1.476477
SEC settles fraud charges against defunct for-profit college company ITT. ... The loan programs in that case are at the heart of the SEC lawsuit. ITT created the two in-house student-loan programs ...
https://consumerist.com/2015/05/12/sec-charges-current-former-executives-of-for-profit-chain-itt-educational-services-with-fraud/
According to the SEC complaint ... The SEC alleges that ITT and the executives engaged in a fraudulent scheme and made a number of false and misleading statements to hide the magnitude of ITT’s ...
https://www.detroitnews.com/story/business/2015/05/17/sec-complaint-adds-woes-profit-colleges/27501785/
May 17, 2015 · SEC complaint adds to woes of for-profit college industry. Carmel, Indiana-based ITT Educational Services Inc. and two top managers are named in fraud allegations
https://www.latimes.com/business/la-fi-itt-tech-fraud-20150512-story.html
SEC says for-profit ITT college executives engaged in fraud ... The SEC complaint is the latest in a string of scandals in the for-profit college industry, which has struggled with declining ...
https://consumerist.com/2016/04/04/massachusetts-sues-itt-technical-institute-for-allegedly-harassing-misleading-students/
According to the SEC complaint , the loans performed so poorly by 2012 that the company’s guarantee obligations were triggered. However, instead of disclosing the issue to investors, the SEC ...
https://www.nasfaa.org/news-item/15637/Former_ITT_Executives_Settle_Charges_with_SEC
“Our complaint alleges that ITT’s senior-most executives made numerous material misstatements and omissions in its disclosures to cover up the subpar performance of student loans programs that ITT created and guaranteed,” said Andrew Ceresney, director of the SEC’s Division of …
http://securities.stanford.edu/filings-case.html
Mar 11, 2013 · ITT revealed that it had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena issued by the SEC requested documents related to a 2009 loan risk-sharing agreement and ITT’s PEAKS Private Student Loan Program (“PEAKS Program”).
https://www.law360.com/articles/941060/sec-settles-itt-student-loan-case-nears-deal-with-execs
ITT will not have to pay any monetary damages, and it did not admit to the allegations set forth in the SEC’s 2015 civil fraud complaint. Friday’s filings, which include a final judgment ...
https://www.foley.com/en/insights/publications/2009/02/itt-corporation-settles-fcpa-books-and-records-and
In February 2009, ITT Corporation ("ITT"), a New York-based multi-industry company with stock listed on the New York Stock Exchange, agreed with the SEC to settle an enforcement action charging it with violations of the FCPA's books and records and internal controls provisions.
https://www.fa-mag.com/news/sec-bars-two-former-itt-tech-execs-for-alleged-student-loan-fraud-39662.html
In a 2015 complaint, the SEC alleged that ITT, Modany and Fitzpatrick concealed the poor performance of two student loan programs financially guaranteed by ITT, owner and operator of the ITT ...
https://www.corporatecrimereporter.com/news/200/sec-charges-itt-educational-services/
The SEC’s complaint alleges that ITT, Modany, and Fitzpatrick engaged in a fraudulent scheme and made a number of false and misleading statements to hide the magnitude of ITT’s guarantee obligations for the PEAKS and CUSO programs.
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