Thursday, August 25, 2022

Army Vet's Scam Caused $48 Million in Federal Student Loans to Be Wiped Out, Feds Say

Article Title: Army Vet's Scam Caused $48 Million in Federal Student Loans to Be Wiped Out, Feds Say

Article Excerpt: "...A U.S. Army veteran is going to prison after causing $48 million in federal student loans to get wiped out for hundreds of borrowers he claimed were permanently disabled military veterans — but they weren’t, federal prosecutors say. The man scammed more than 500 people into paying him fees for what they thought was true student debt relief help and stole nearly $900,000 from them in total, according to the U.S. Attorney’s Office for the Northern District of Georgia. Now De’reek Banks, 41, of Lithonia, Georgia will serve six years..."

Reference Source: www.military.com