Attorney General Eric Schneiderman said his office has obtained a temporary restraining order in state court requiring The College Network Inc. and its owner and CEO, Gary Eyler, to clearly disclose on all contract documents that it's not affiliated with Albany, New York-based Excelsior College and isn't a degree-granting program.
, 67, is no stranger to legal troubles with the government.
In the late 1980s, he
former company, Carmel-based truck-driving school Continental Training Services Inc.
, were sued by the federal government for civil fraud.
operated Superior Training Services
, the largest-truck driving school in the country at the time.
The U.S. Education department claimed in a 1988 lawsuit that it was entitled to $366 million from Eyler
It alleged Eyler
falsified documents that made made students attending Superior eligible for federally backed education loans.
Those loans represented the bulk of Superior's more than $50 million annual tuition income, the suit said.
The suit also said the students received inadequate training, resulting in a default rate on loans of more than 50 percent, leaving taxpayers on the hook for the debt.
The company eventually went bankrupt and settled its case with the government.
was forced to sell off several pieces of valuable Indiana real estate, including a 336-acre estate in Brown County and Meridian Hills home.
continued to have IRS troubles into the late 1990s related to the Continental case.