AI-powered 'ghost students' enrolled in college just to vanish with the loan money
Original headline: Thousands of “ghost students” use AI to steal millions in student loans, DOJ says
What happened
The DOJ charged five people in its first broad crackdown on 'ghost student' fraud, where stolen identities are used to enroll fake students and collect student loans. The agency seized over $750,000 in crypto tied to a network it says is linked to Kenyan nationals.
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