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| November 15, 2018

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Defunct for-profit college firm ITT’s former executives settle fraud charges

July 11, 2018 |

Former top executives at ITT Educational Services, the parent company of defunct ITT Technical Institute, have settled fraud charges with the Securities and Exchange Commission, avoiding a trial that was slated to begin Monday.

A judgment order entered Friday puts to rest civil fraud charges filed…


L.A. Times – Business

Six current and former Fitbit employees charged with possessing stolen trade secrets from defunct rival Jawbone

June 15, 2018 |

Six current and former Fitbit Inc. employees have been charged in a federal indictment with possessing stolen trade secrets from their former employer Jawbone, the now-defunct fitness wearable maker, according to a news release Thursday from the Justice Department.

Katherine Mogal, 52, of San Francisco;…


L.A. Times – Business

SEC settles fraud charges against defunct for-profit college company ITT

July 5, 2017 |

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…


L.A. Times – Business

Insurer pays $13.5 million to resolve federal claims over defunct Marinello beauty school

August 25, 2016 |

An insurer for the shuttered Marinello Schools of Beauty has agreed to pay $ 13.5 million to settle allegations that the cosmetology school ripped off the federal student loan program, the U.S. attorney’s office said Wednesday.

The federal government had alleged B&H Education of Beverly Hills, the…


L.A. Times – Business