US sues Princeton Review with tutoring fraud charge

NEW YORK Tue May 1, 2012 3:05pm EDT

NEW YORK May 1 (Reuters) - The U.S. government sued the Princeton Review, accusing it of claiming millions of dollars in reimbursement for tutoring services it did not provide in a federally funded program for underprivileged children.

The civil fraud lawsuit, filed in Manhattan federal court on Tuesday by the Manhattan U.S. Attorney, also charges a former company employee it said was involved in the fraud.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.