OAKLAND, Calif. - A group of students in California say they were ripped off by a bank that teamed up with bogus vocational schools to leave students deep in debt, according a lawsuit filed against KeyBank USA.
KeyBank Education Resources and Great Lakes Educational Loan Services allegedly sought to defraud students at sham vocational schools by offering loans, and when the schools' Ponzi schemes collapse, the students are left in debt and have no new job skills, according to a class action lawsuit filed in Alameda County Court in May.
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