Federal agents searching local ITT facilities

[minendo]

Marion County Sheriff deputies turned away students and staff at ITT Technical Institute today as federal postal inspectors searched the Northwestside campus, the company's Carmel headquarters and campuses in seven other states

http://www.indystar.com/articles/4/123930-3104-092.html

 

[Heisenberg]

Any rumors as to why?

 

[iwearnosox]

Where will I go for my tv/vcr repair? Those bastards!

 

[minendo]

Originally posted by: Heisenberg
Any rumors as to why?

Haven't heard anything yet and I missed the local news coverage.

 

[Kaervak]

LMAO. Good I hate that bloody "school" Biggest mistake of my life going there. Too bad they didn't raid the one I went to.

 

[yukichigai]

Probably the next Al Qaeda plot. The FBI was tipped off when a bunch of immigrants enrolled at ITT to learn how to play a tape but not to stop it.

 

[Vic]

I smell an investigation into federal financial aid fraud. Their stock got pummeled today...

 

[pyonir]

Originally posted by: Vic
I smell an investigation into federal financial aid fraud. Their stock got pummeled today...

You weren't kidding!

-18.90 / -32.93% to close at 38.50

:Q

 

[Mill]

Damn, getting busted by the feds sucks. What a drop in stock price.

 

[NorthRiver]

Me and a buddy went to that school for awhile. We got raped money wise!!!

We wanted to change to the CAD course and they wouldn't let us:|


Maybe they will get busted, and I will get some of my money back, and the loan default off of my credit.

It's been 14 years, but it is worth a shot.

 

[SweetSweetLeroyBrown]

Originally posted by: Heisenberg
Any rumors as to why?

it seems that ITT is being investigated regarding academics, job placement, student, transfers, grades, etc...(ie The school was lieing to it's stockholders)

...which is why all publicly held corporations posing as schools are suspect...bad news when stockholders come before students

 

[minendo]

Originally posted by: SweetSweetLeroyBrown

Originally posted by: Heisenberg
Any rumors as to why?

it seems that ITT is being investigated regarding academics, job placement, student, transfers, grades, etc...(ie The school was lieing to it's stockholders)

...which is why all publicly held corporations posing as schools are suspect...bad news when stockholders come before students

Updated article