Former high-profile prosecutor to monitor for-profit college chain

Career College Central Summary:

  • Former federal prosecutor Patrick Fitzgerald has agreed to serve as an independent monitor of a troubled for-profit education company serving 72,000 students that has agreed to sell or close its campuses, the Education Department said Friday.
  • As part of an agreement with the Education Department, Corinthian Colleges agreed that an independent monitor would examine its compliance, including making sure that plans are followed that allow students to complete their programs. 
  • Some students are eligible for full refunds, and the company has said it would work with the monitor to establish a reserve fund of at least $30 million to pay those funds.
  • Fitzgerald prosecuted high-profile cases against Lewis "Scooter" Libby, a top aide to Vice President Dick Cheney, and former Illinois Gov. Rod Blagojevich. 
  • Libby was convicted of perjury and obstruction of justice. He was sentenced to 30 months in prison, but President George W. Bush commuted the prison sentence.
  • Blagojevich is serving a 14-year prison sentence for political corruption.
  • Fitzgerald in 2001 was appointed a U.S attorney in Illinois by Bush. He now works for the firm Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates.

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DAILY JOURNAL

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