[Vision2020] Privatizing Education: Wonderful Opportunity For Con Artisits

[Art Deco]

U.S. sues Princeton Review for fraud By Ben Rooney
@CNNMoneyInvest<https://twitter.com/intent/user?screen_name=cnnmoneyinvest>
May
2, 2012: 5:09 AM ET
[image: Test preparation company Princeton Review charged New York City
schools for tutoring services it didn't provide, according to a federal
lawsuit.]

Test preparation company Princeton Review charged New York City schools for
tutoring services it didn't provide, according to a federal lawsuit.

NEW YORK (CNNMoney) -- Princeton Review, the company behind the test prep
books, is being sued by the U.S. government for allegedly bilking a federal
program for underprivileged children.

According to a civil lawsuit filed Tuesday by the U.S. Attorney in New
York, Princeton Review was paid "tens of millions of dollars" to provide
after-school tutoring for students at troubled New York City schools from
2002 to 2010.

The lawsuit alleges that the company and a former employee, Ana Azocar,
falsified records for services rendered in order to inflate the amount of
money Princeton Review was paid under the tutoring program.

"The Princeton Review and its employees were supposed to tutor needy
students, not cheat a federal program," said Manhattan U.S. Attorney Preet
Bharara, in a statement.

Prosecutors said Princeton Review employees forged student signatures,
falsified sign-in sheets, and provided false certifications in order to
increase the company's payment as a provider of Supplemental Education
Services (SES).
For-profit colleges fighting back
hard<http://money.cnn.com/2011/04/21/markets/profit_education_eisman/index.htm>

The company closed its SES division in 2010 and most of its current
management came on board after the alleged activity occurred, according to
a Princeton Review spokesperson.

"We are working closely with the U.S. Attorney's office to resolve this
matter expeditiously," the spokesperson said.

According to the lawsuit, Princeton Review gave bonus payments to Azocar, a
director at one of the company's tutoring locations, totaling more than
$16,000 over two years because her employees consistently reported high
attendance.

Attempts to identify and contact a lawyer for Azocar were unsuccessful.

Prosecutors charged that Princeton Review's daily attendance forms and
invoices were "replete with falsifications."

In particular, Princeton Review was paid for services on days when official
records show that students were absent or school was closed, according to
the lawsuit.
Making student loan payments more
managable<http://economy.money.cnn.com/2012/03/30/making-student-loan-payments-more-managable/>

On New Year's Day in 2008, Princeton Review is accused of billing the New
York Department of Education for tutoring 74 students at a middle school in
the Bronx when the school was closed and there were no SES classes.

In another example, a student was signed in as present at a Princeton
Review tutoring class for four days when the student was actually on
vacation in Mexico, according to prosecutors.

The alleged activity was brought to Princeton Review's attention in 2006,
but the company failed to take action to correct the misconduct, according
to prosecutors.

Princeton Review
(REVU<http://money.cnn.com/quote/quote.html?symb=REVU&source=story_quote_link>)
provides test preparation services for college entrance exams and publishes
study guides. It is not affiliated with Princeton University.  [image: To
top of page]<http://money.cnn.com/2012/05/01/markets/princeton-review/index.htm#TOP>
First Published: May 1, 2012: 6:16 PM ET


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Art Deco (Wayne A. Fox)
art.deco.studios at gmail.com
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