Corinthian Colleges Faces Further Criminal Investigations
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Corinthian Colleges Inc., the for-profit college operator that’s being shut down, said it’s facing two further criminal probes related to financial aid and reporting student outcomes.
Corinthian, based in Santa Ana, California, received a federal grand jury subpoena in Florida related to employee misconduct and the return of student-aid funds, it said today in a regulatory filing. It received another in Georgia seeking documents on job placement, attendance and graduation rates.