$270 Million In Suspicious Student Aid Fraud Flagged By Treasury

$270 Million In Suspicious Student Aid Fraud Flagged By Treasury Authored by Naveen Athrappully via The Epoch Times, The Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has discovered roughly $270 million in suspicious financial activity likely associated with student aid program fraud. FinCEN issued an alert in July asking financial institutions to report suspicious activities linked to student aid fraud. A review of submitted reports identified more than 20,000 potentially suspicious transactions since February this year. FinCEN has reported approximately $270 million in suspected fraud to federal investigators for further investigation,...