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When the for-profit Art Institutes operated by Education Management Corp. shut down in the wake of fraud and illegal recruiting allegations, they left thousands of former students saddled with ...
Education Management Corporation (EDMC) was a Pittsburgh, Pennsylvania-based operator of for-profit post-secondary educational institutions in the United States and Canada. [1] The company was founded in 1962. [ 2 ]
In 2015, James Hoyer represented a whistleblower in a qui tam/False Claims Act case against Education Management Corporation (EDMC), which was part of a global settlement for $99.5 million with the Department of Justice. EDMC is the second largest for-profit education company in the United States and was accused of unlawfully recruiting ...
The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed the last of its ...
In 2003, Education Management Corporation (EDMC) acquired eighteen schools from AEC, including the original Brown Mackie College, and rebranded them all under the Brown Mackie name the following year. [8] Throughout the mid-to-late 2000s, the university system was expanded with the construction of new Brown Mackie colleges. [8]
It may not come as much of a surprise, but the U.S. Department of Justice has sued Education Management Corp. (NAS: EDMC) for allegedly violating laws related to compensation practices. This comes ...
false advertising, unfair business practices, breach of contract, fraud, deceit and/or misrepresentation ... Education Management Corporation#Securities fraud class ...
The for-profit education industry has attracted some serious public relations problems these days -- not to mention regulatory scrutiny. However, this industry's report card fails on many levels ...