The now-defunct Capri Institute of Hair Design and its related entities have agreed to a settlement of nearly $640,000 in response to a fraud lawsuit filed by the state of New Jersey.
In a statement, Attorney General Matthew Platkin and the Division of Consumer Affairs emphasized that a significant portion of the funds will be dedicated to consumer restitution.
The allegations against Capri stem from an investigation initiated after the school abruptly shut down in December 2021, leaving about 250 enrolled students in the lurch with less than 48 hours’ notice.
The state’s investigation found that in the aftermath of the closure, Capri allegedly refused to respond to students’ inquiries and withheld official transcripts and tuition refunds, hindering students’ ability to transfer to other cosmetology schools.
