California Attorney General Kamala Harris is suing a for-profit college company, alleging it misrepresented job placement rates and school programs to lure low-income state residents.
The Attorney General's Office filed the lawsuit against Corinthian Colleges, Inc. on Thursday. According to the AG's Office, Santa Ana-based Corinthian and its subsidiaries operate Everest, Heald and WyoTech colleges and have 81,000 students.
The lawsuit accuses Corinthian of false and predatory advertising, intentional misrepresentation to students, securities fraud and unlawful use of military seals in advertisements.
Harris called the company's practices "predatory" in a statement and said they were designed to rake in profits and mislead investors.
Company spokesman Kent Jenkins said he had just become aware of the suit and hadn't had a chance to review it.
The company's website says it has more than 111 schools throughout North America. Everest has 11 colleges throughout Southern California and Wyotech has a campus in Long Beach. Heald operates mostly in Central and Northern California.