Mario Nawfal(@MarioNawfal):🇺🇲 DOJ uncovers AI-POWERED student loan FRAUD scheme. U.S. officials claim scammers are allegedly stealing identities to enroll made-up college students and collect federal aid, using AI to complete coursework and even fake virtual classroom attendance. The goal is to keep these "ghost students" enrolled long enough to collect the money. The Treasury recently flagged $270 MILLION in suspicious student aid activity. Real students are DROWNING in tuition bills as fake ones are collecting FREE MONEY. Source: Investopedia / Writer: Marie

2026.10.29 17:40

🇺🇲 DOJ uncovers AI-POWERED student loan FRAUD scheme. U.S. officials claim scammers are allegedly stealing identities to enroll made-up college students and collect federal aid, using AI to complete coursework and even fake virtual classroom attendance. The goal is to keep these "ghost students" enrolled long enough to collect the money. The Treasury recently flagged $270 MILLION in suspicious student aid activity. Real students are DROWNING in tuition bills as fake ones are collecting FREE MONEY. Source: Investopedia / Writer: Marie