On 29 October 2001, Canadian Overseas International College closed unexpectedly due to financial difficulties. According to the school's chancellor, the September 11 attacks forced the company that funded the school to file for bankruptcy. The Education Department was unaware of the financial difficulties that Canadian Overseas International College was facing, and was only informed by the school one day before its closure. The police investigated possible fraud at the school, after complaints from some parents. Jonathan Goodman, the supervisor of the Canadian school, was arrested in December 2001 for suspected theft but was not charged.