DOJ Makes Arrests in FAFSA 'Ghost Student' Scheme, Uncovering Millions in Fraud

The Justice Department has announced arrests and seized over $750,000 in cryptocurrency as part of a nationwide investigation into federal student aid fraud involving 'ghost students.' One individual was allegedly linked to more than 300 fraudulent student accounts and received over $1 million in federal money. Investigators suggest the total scale of the fraud could exceed $200 million, and the Education Department has implemented new fraud-detection tools for the Free Application for Federal Student Aid (FAFSA).