Corinthian Colleges, Inc. under long term investor investigation/class action suit

PR-USA.NET is reporting the following:

"According to the complaint filed in the United States District Court for the Central District of California the plaintiff alleges on behalf of all persons who purchased or acquired Corinthian Colleges, Inc. (NASDAQ:COCO) securities during the period from October 30, 2007 through including August 19, 2010, that Santa Ana, California based Corinthian Colleges, Inc and certain of its officers violated the Securities Exchange Act of 1934 by issuing between October 30, 2007 through including August 19, 2010, false and/or misleading statements, as well as by failing to disclose material adverse facts about its business, operations, and prospects.

On August 4, 2010, the Senate Health, Education, Labor, and Pensions Committee conducted a hearing on for-profit education firms, where Government Accountability Office representative, George Kutz, presented the findings of report GAO-10-948T, "For-Profit Colleges: Undercover Testing Finds Colleges Encouraged Fraud in Deceptive and Questionable Marketing Practices." The report detailed undercover investigations into 15 for-profit schools that uncovered misconduct by school staff. According to this GAO study, the college personnel at schools may have encouraged applicants to falsify their financial aid forms to qualify for federal aid and pressured applicants to sign a contract for enrollment prior to allowing them to speak to a financial advisor."

Click here to read the whole article and click here for the class action suit article

What YOU Don't Know About EVEREST COLLEGE!

Check out this Video on Everest. Enjoy!

NEWS: Teacher Fired for speaking the Truth!

Back in May of this Year Valerie Munson, an instructor for Everest College in Califorina candidly stated that the school is not accredited and cannot certify students in the medical trades. After that incident she was harassed and terrorized by her superiors. She is currently seeking damages for lost wages, defamation, and intentional infliction of emotional distress.

Munson says that when a student asked her if the school was accredited, she truthfully answered that it was not. She said she truthfully said that students would not be certified upon graduation, could not transfer course units, and did not qualify to take continuing education classes.
Munson's students were "enraged and emotionally devastated" at this news, and said they felt they were "lied to during enrollment," according to the complaint.

... Munson claims harassment and retaliation followed. She says her supervisors told her "to put a lid on the whole accreditation thing."
She claims her bosses told her, "You know we cannot have this, because this could have a huge affect on our attrition," according to the complaint.

To see the full story Please click HERE

NEWS: Westwood College campuses in Fort Worth, Houston, Dallas may lose licenses

Check this OUT!

Westwood College campuses in Fort Worth, Houston and Dallas are under fire again, with a state regulatory agency saying the for-profit schools may lose their licenses after concerns about potentially deceptive and fraudulent practices.

The action follows an undercover federal investigation this summer at Westwood and 14 other for-profit colleges. The investigation, by the Government Accountability Office, found that all 15 made deceptive or questionable statements about graduation rates, guaranteed jobs after graduation or exaggerated potential earnings. Four of the colleges encouraged fraudulent practices, such as having students submit false information about their financial status, the watchdog agency reported.

The report said a Westwood representative in Texas coached an undercover investigator to not report $250,000 in savings to qualify for federal aid. Posing as a prospective student, the investigator indicated that the $68,000 cost of the program was affordable. But the financial aid officer said it was not the government's business how much money the applicant had in the bank. "The fraud would have made the undercover applicant eligible for more than $2,000 in grants a year," the GAO reported.

Read more: http://www.star-telegram.com/2010/09/10/2459261/westwood-college-campuses-in-fort.html#ixzz0zI6DHYVG

We Deserve Better - Nationwide Protest of Proprietary School FRAUD

Nationwide Protest of Proprietary School FRAUD, this event is featured on Facebook... Scheduled to take place at EVERY STATE CAPITOL in the U.S. on October 10, 2010 at 10:00am

If you need more info please check out the group on Facebook click here

Everest Colleges: Get Connected and Where To..

Hello!

I would like to share some links pertaining to Everest Colleges, Institutes and Universities.

Stop Everest University College Institute

Have you attended Everest University/College/Institute and have a complaint? Here is your ONE STOP website dedicated solely to putting a stop to the lies, deceitful practices, and fraud.

In order to file a class action suit against them, there must be safety in numbers. One person will not be able to stand against a large corporation, such as Corinthian Colleges, Everest University/College/Institute.

This will give you insight on what to do first before you can go forward with a class action suit against them.

Class Action Suit Against Everest Universities
This is a group formed on Facebook. It consist of students who are seeking information and wanting to speak out.