American Commercial College settles federal false claims case
A Lubbock-based career college has settled a dispute with the federal government in a whistle-blower suit over falsified financial reporting.
American Commercial College has agreed to pay at least $1 million over the next five years to settle a suit alleging that the school falsified financial reports so that it could qualify for federal student aid funds.
According to a news release from the U.S. Department of Justice in Washington issued late Friday, May 31, the college might have to pay an additional $1.5 million under a contingency clause in the settlement.
H. Grady Terrill, attorney for the school, said he anticipates the Lubbock campus reopening after re-applying for a license. Two other campuses that came under federal scrutiny are open.
More at http://lubbockonline.com/filed-online/2013-05-31/acc-settles-federal-false-claims-case#comment-291960 .
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Sounds like a real nice place! 
They also have the wildest frat parties every Friday night. 
