
FTC Files for Injunction as IML Shuts Down
Agency worries MLM defendants are dissipating assets.
In December 2016, a class-action lawsuit was filed against InterCoast Career Institute (a for-profit college) for allegedly operating a “sham” practical nursing education program in Maine that provided little educational value to students and did not enhance their occupational qualifications or career prospects. According to the complaint, the program did not provide qualified faculty to teach courses, adequate clinical experience for students, or adequately prepare students to take the examination required to become an LPN and work in the field. (Kourembanas et al v. InterCoast Colleges d/b/a InterCoast Career Institute, Case No. 16-cv-639, D. ME.)
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Agency worries MLM defendants are dissipating assets.
Patrick Coffee, The Wall Street Journal
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