US charges five over AI-assisted ghost student loan fraud, seizes over $750,000 in crypto
SCAM ALERTredteam/daily · 1 source
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What happened
The US Department of Justice has charged five individuals in what it describes as the first broad federal crackdown on "ghost students", fraudsters who use the identities of hundreds of Americans to enrol as fake students and obtain student loans. The DOJ said the scheme relied partly on AI, and that data analysis helped flag likely fraudsters before it seized over $750,000 in cryptocurrency from a network associated with Kenyan nationals.
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Who reported · 1 outlet
Ars Technica (all)