Ex-Princeton Review Owner Puts Up $10M To End FCA Suit

Law360, New York (December 20, 2012, 6:12 PM EST) -- The former owner of The Princeton Review Inc. admitted Wednesday to bilking millions of dollars from a federal program for underprivileged schoolchildren by seeking reimbursement for after-school tutoring it didn't actually provide, agreeing to pay $10 million to settle an employee whistleblower suit over the fraud. 

The settlement comes about eight months after the U.S. agreed to join the False Claims Act suit brought by a relator Dana Smith against Education Holdings Inc. 1, which formerly owned Princeton Review before selling the company to a private...
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