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Violation Tracker Individual Record

Company: Nelnet Inc.
Current Parent CompanyNelnet
Parent at the Time of the Penalty Announcement subscribe to see this data field
Penalty: $47,000,000
Year: 2010
Date: November 17, 2010
Offense Group: government-contracting-related offenses
Primary Offense: False Claims Act and related
Mega-ScandalStudent Loan and For-Profit College Abuses
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
HQ Country of Current Parent: USA
HQ State of Current Parent: Nebraska
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data(click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.