Eastern College Loan Fraud Schemes

Money and handcuffs
In the past week, two East-coast residents were found guilty and or charged for college loan fraud schemes: one involved a money-swindling company, and the other involved forged documents.

Clearwater, Fla.

Yesterday, a Clearwater woman was sentenced to a year in federal prison and three years of supervised release for conspiring to commit federal college loan aid fraud.  

30-year-old Shaneva Boyd and her 40-year-old husband, James Isaac Boyd, formed Graduate Assistance and Consolidations Inc. in 2006. The business claimed it would assist students applying for financial aid. Mr. and Mrs. Boyd used the company for a college loan fraud scheme that helped people without a high school diploma or GED to illegally enroll at St. Petersburg College and then fraudulently apply for federal student financial aid. For two years, Mrs. Boyd made false statements on student financial aid applications and directed dozens of checks to be sent to company addresses. According to records, the couple then kept the illegal financial aid, which totaled more than $400,000.

In addition to prison time, U.S. District Court Judge Susan C. Bucklew also ordered Mrs. Boyd to pay $77,364 in restitution and to forfeit $70,000 in substitute assets. She had previously pleaded guilty to the charge in August.

Mr. Boyd previously pleaded guilty to conspiring and committing college load fraud, and aggravated identity theft, and is scheduled to be sentenced Jan. 13, 2013.

Queensbury, N.Y.

On Nov. 1, a Queensbury woman was charged with two felonies for allegedly filing false documents in order to obtain college loans and grants.

Danielle T. Robillard, 36, was arrested after a local investigation by the Warren County Sheriff’s Office. Robillard is accused of using a forged document for her federal college loan application, according to a Sheriff’s Office release. The office could not disclose the contents of the files due to medical confidentiality laws. She was currently enrolled in Empire State College’s distance learning program.

Police said the fraudulent student aid totaled $5,956 in federal grants and loans. She was charged with felony counts of grand larceny and criminal possession of a forged instrument.

Robillard was released, pending prosecution, in Queensbury Town Court and is due to re-appear on Nov. 19.