July 3, 2017
By The Washington Post
WASHINGTON-- The Securities and Exchange Commission has settled its fraud case against ITT Educational Services, but it continues to pursue top executives from the defunct for-profit college firm for deceiving investors about high rates of late payments and defaults on student loans backed by the firm.
A final judgement order filed Friday resolves civil fraud charges brought against the company two years ago for false and misleading statements about the failure of two in-house student-loan programs. There is no monetary penalty, and the company did not admit any wrongdoing.
Read the full article at the OregonLive website here.