Apollo Group Inc ., operator of the University of Phoenix, said an accreditor’s panel may recommend “corrective action” after a review of recruitment and financial aid practices at the largest U.S. for-profit college.
Twenty for-profit colleges reaped $521 million in U.S. taxpayer funds in 2010, seven times more than in 2006, by recruiting armed-services members and veterans through misleading marketing, according to a Congressional report today.
Richard Holwell, the Manhattan federal judge overseeing the trial of Raj Rajaratnam, is a former corporate lawyer who condemned insider trading in two recent cases he has handled during his eight years on the bench.
Goldman Sachs Group Inc., McKinsey & Co. and Intel Corp. are among the companies that may be sued or suffer damage to their reputations after witnesses at the trial of Galleon Group LLC co-founder Raj Rajaratnam describe insider leaks, Bloomberg News’s David Glovin, Patricia Hurtado and Bob Van Voris report.
Benson Rollins wants a college degree. The unemployed high school dropout who attends Alcoholics Anonymous and has been homeless for 10 months is being courted by the University of Phoenix . Two of its recruiters got themselves invited to a Cleveland shelter last October and pitched the advantages of going to the country’s largest for-profit college to 70 destitute men.