Federal Agents Investigating Itt

Summary


INDIANAPOLIS -- Federal agents on Wednesday searched the headquarters of ITT Technical Institutes and some campuses of its chain of technical schools in eight states. Shares of its parent company, ITT Educational Services Inc., plunged 33 percent.

ITT Educational Services said the investigation involved grand jury subpoenas of records concerning student placement, retention, graduation, attendance, recruitment, grades, graduates' salaries and transfers of students' credits to other colleges.

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Extract


Federal Agents Investigating Itt

Law enforcement officers did not allow students, staff and faculty to enter about 10 of ITT's 77 campuses in 30 states, ITT spokeswoman N...

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