The story of one of the nation’s most notorious bankruptcy and fraudcases, Plantation-based College Bound Inc., is about to end quietly, as1,616 former employees finally receive back pay totaling a half-milliondollars.
The bankruptcy trustee for College Bound, an educational testing andtutoring firm that collapsed in April 1992 due to fraud, has collectednearly $500,000 to pay the former workers who are owed money.Checks will likely go out in early June.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
