OIG Investigative Reports, Former Bethune-Cookman College Employee Sentenced for Fraud Skip to main contentAbout UsContact UsFAQs Language Assistance Englishespañol中文: 繁體版Việt-ngữ한국어TagalogРусский U.S. Department of Education Search for: Toggle navigation U.S. Department of Education Student Loans Grants Laws Data About ED OFFICES Home Reports & Resources Programs/Initiatives News Office Contacts Investigative Reports FOR IMMEDIATE RELEASE: Orlando, Florida April 30, 2001 Former Bethune-Cookman College Employee Sentenced for Fraud Orlando, Florida - Today United States District Court Judge Patricia C. Fawcett sentenced King Ade Olowu, a former accountant employed by Bethune-Cookman College in the Fiscal Affairs Office. Mr. Olowu was charged with stealing student financial aid refund checks worth approximately $107,000 from December 1995 to December 1997 from the financial aid office at Bethune-Cookman, then having others cash the checks at banks in the area of Daytona Beach. The Court sentenced Olovu to fifteen months in prison, followed by three years of supervised release, 75 hours of community service in lieu of a fine, and mandatory restitution of $70,143.29. Evidence presented to the Court demonstrated that Olowu, who graduated from Bethune-Cookman in 1984, had worked for 11 years in the student financial aid office at Bethune-Cookman. Many studlents who received financial aid had left due to graduation, transfer, or dropping out, and they were entitled to a refund of their unused aid. But the school had failed to identify these students and send them their refunds, according to a United States Department of Education audit conducted in 1995. Olowu was assigned the job of getting refund checks out to these students. Instead, he stole many of the checks and handed them off to his confederates, who cashed them at local banks. Olowu paid his confederates $50 to $200 to cash a check, and they paid him the rest. The amounts of the checks listed in the indictment returned against Olowu varied from $586 to $2000. The case was investigated by the Daytona Beach Police Department, special agents of the United States Department of Education Office of Inspector General, and the United States Secret 5ervice. The case was prosecuted by Bruce S. Ambrose, Assistant United States Attorney in the Orlando Division of the Office of the United States Attorney, Middle District of Florida. Top Printable view Share this page Last Modified: 03/01/2005 How Do I Find... Student loans, forgiveness College accreditation No Child Left Behind FERPA FAFSA 1098-E Tax Form 2015 Budget Proposal More > Information About... Transforming Teaching Family and Community Engagement Early Learning K-12 Reforms More > Connect Facebook Twitter YouTube Email RSS Google+ More > MISUSED FOIA OIG Fraud Hotline Our mission is to promote student achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. Student Loans Repaying Loans Defaulted Loans Loan Forgiveness Loan Servicers Grants & Programs Apply for Pell Grants Grants Forecast Open Grant Competitions Find Grant Programs by Eligibility Laws & Guidance No Child Left Behind FERPA Civil Rights Data & Research Education Statistics Postsecondary Education Data State Education Data Nation's Report Card What Works Clearinghouse About Us Contact Us ED Offices Jobs News FAQs Budget, Performance Notices FOIAPrivacySecurityInformation qualityInspector GeneralWhitehouse.govUSA.govBenefits.govRegulations.gov
Former Bethune-Cookman College Employee Sentenced for Fraud Orlando, Florida, April 30, 2001
Published by the Department of Education, Office of Inspector General on 2001-04-30.
Below is a raw (and likely hideous) rendition of the original report.