Education Management Corp., an operator of for-profit colleges partly owned by Goldman Sachs Group Inc., agreed to settle whistle-blower lawsuits in which it’s accused of illegal recruiting practices for $95.5 million, the largest such accord in American history, U.S. Attorney General Loretta Lynch said.
The Pittsburgh-based company operated a “high pressure recruitment mill,” paying recruiters based on the number of students they persuaded to enroll, Lynch said Monday at a Washington press conference.
