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Violation Tracker Individual Record

Company: Panhandle Plains Higher Education Authority and Panhandle Plains Management and Servicing Corp.
Penalty: $1,750,000
Year: 2010
Date: November 17, 2010
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Violation Description: Four student aid lenders paid the United States a total of $57.75 million to resolve allegations that they improperly inflated their entitlement to certain interest rate subsidies from the U.S. Department of Education in violation of the False Claims Act.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Civil Division
Civil or Criminal Case: civil
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.