INTRO: D-O-J officials announcing new charges against multiple individuals involved in an alleged student loan fraud scheme Thursday morning. First Assistant Attorney General for the National Fraud Enforcement Division Colin McDonald says the scheme involves fraudsters stealing the identities of students to apply to universities and seek out student aid, with the leftover money being deposited to the fake students if they are successful in getting the funds.
ACK: Colin McDonald – U-S Assistant Attorney General
TAG: He says they are charging five individuals, and have seized more than 750-thousand-dollars in cryptocurrency tied to this enterprise.
KEYWORD: Crime, Legal
