'Ghost' students have stolen millions in federal financial aid
Fraudsters are inventing "ghost" students who enroll in college, never show up, yet pocket thousands of dollars in federal financial aid, government officials revealed Thursday, saying the scams -- often tied to overseas operations in Africa -- have stolen hundreds of millions of dollars this decade.
TL;DR
- Fraudsters are creating "ghost" students for college enrollment.
- These phantom students do not attend college but receive federal financial aid.
- The scams have stolen hundreds of millions of dollars this decade.
- These operations are often tied to overseas ventures in Africa.
- Government officials revealed the details of these fraudulent activities.