![focus-itt04-2col.jpg](https://www.ibj.com/wp-content/uploads/2019/01/focus-itt04-2col-300x200.jpg)
UPDATE: SEC hits ITT Educational, execs with fraud charges
ITT Educational CEO Kevin Modany and Chief Financial Officer Daniel Fitzpatrick allegedly “engineered a campaign of deception and half-truths” to hide from investors the extent of losses ITT was suffering from student loan programs, the SEC said Tuesday morning.