The Justice Department has charged five people in a crackdown on "ghost student" fraud, in which scammers allegedly use stolen identities and AI to enroll fake students in colleges, complete coursework, and collect federal student loan funds. Ars Technica reports: In a press release Thursday, the Department of Justice said it had uncovered a large-scale scheme relying partly on AI. The DOJ seized more than $750,000 in cryptocurrency from "a network associated with Kenyan nationals" after data analysis helped flag likely fraudsters. Assistant Attorney General Colin M. McDonald of the DOJ's National Fraud Enforcement Division credited new fraud-detection measures implemented by the Trump administration for the arrests. He said that "this is the first international seizure of its kind in Kenya," while warning fraudsters that the crackdown has only just begun.
The Small Business Administration is offering low-interest loans for businesses and local residents affected by an Aug. 28 storm.Federal disaster recovery loans are…
Millions of current and former students at California's public school have had their data stolen — including names, date of birth, and addresses — stolen in a breach…
Operation Ghostbusters targets ghost students and identity theft in a student aid fraud scheme with potentially hundreds of millions in taxpayer losses.
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