Justice Department Indicts Individuals in Large-Scale Student Loan Fraud Scheme

The Justice Department announced indictments in "Operation Ghostbusters," a nationwide investigation into a significant student-loan fraud scheme. Criminal actors allegedly used stolen U.S. identities to create over 830,000 fraudulent Federal Student Aid accounts, enrolling "ghost students" and diverting nearly $130 million in loans and grants to foreign actors and U.S.-based money mules, including Kenyan nationals. This action addresses widespread financial deception impacting federal aid programs.