Kenyan links emerge in $200m US ‘ghost student’ fraud
The US Department of Justice has uncovered a $200m ‘ghost student’ fraud scheme, with investigators linking the activities to a network of Kenyan nationals Read More: https://punchng.com/kenyan-links-emerge-in-200m-us-ghost-student-fraud/
The United States Department of Justice has announced the outcome of Operation Ghostbusters, a nationwide investigation into a fraud scheme that allegedly cost the US more than $200 million. The scheme involved the use of stolen identities and fake student enrolments to divert federal education funds. Five defendants have been charged, and over $750,000 in cryptocurrency has been seized.
The fraudsters reportedly stole American identities to apply for and receive federal student aid, creating ghost students who never attended classes. The money was then redirected to bank accounts controlled by the criminal network, with US-based individuals acting as money mules. The investigation has uncovered several cases across the country, with suspects based in Nebraska, New Jersey, Virginia, and Nairobi.
The department stated that they will pursue anyone involved in such activities, regardless of their location.
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