ITT Educational Shares Are Down 90% Over The Past Year

ITT Educational Services, Inc. ESI shares were down more than 40 percent on Tuesday after the U.S. Securities and Exchange Commission revealed it will charge the company's executives with fraud.

CEO Kevin Modany and CFO Daniel Fitzpatrick are included in the SEC release, which said "the two executives fraudulently concealed from ITT's investors the poor performance and looming financial impact of two student loan programs that ITT financially guaranteed."

Last fall, the company reported it was under the watchful eyes of the SEC and Department of Education.

Astoundingly, ITT shares have fallen 90 percent in the past year. In May 2014, the stock traded in the $25 range.

Five years ago, shares were above $100, as a recent tweet points out.

Here's what else Twitter is saying about the investigation:

As of this writing, ITT shares have slightly rebounded to the $2.60 range, but are still down 36 percent on the day.