DOJ Indicts Five in $130M 'Ghost Student' Fraud Ring Using AI to Steal Aid
The US Department of Justice has launched 'Operation Ghostbusters' to combat a massive fraud scheme involving fictitious students. Five individuals, primarily Kenyan nationals, have been indicted for using stolen identities to enroll fake students in US colleges and siphon federal financial aid. Investigators estimate the scheme has potentially defrauded the government of $130 million, with funds often transferred to offshore accounts in Kenya. The Justice Department has seized over $750,000 in cryptocurrency and is pursuing international extraditions.