OIG Investigative Reports, Michael Cortez, Cedar Rapids Man Sentenced To Prison for Student Loan 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 Investigation Report Department of Justice Northern District of Iowa FOR IMMEDIATE RELEASE: January 14, 2011 www.justice.gov/usao/ian Contact: Bob Teig Hach Building, Suite 400, 401 1st Street, S.E. Cedar Rapids, Iowa 52401-1825 Phone: (319) 363-0091 Fax: (319) 363-1990 Michael Cortez, Cedar Rapids Man Sentenced To Prison for Student Loan Fraud A man who participated with others in a scheme to fraudulently obtain federal student loans pled guilty today in federal court in Cedar Rapids Michael Cortez, 31, from Cedar Rapids, was convicted of one count of mail fraud. At the guilty plea hearing, Cortez admitted participating in a scheme with others to fraudulently obtain federal student loan money. As part of the scheme, Cortez and others applied for federal student aid in other people’s names and arranged for a federal loan proceeds check to be directed to a post office box under his and his co-schemer’s control. Sentencing before United States District Court Chief Judge Linda R. Reade will be set after a presentence report is prepared. Cortez remains free on bond pending sentencing. Cortez faces a possible maximum sentence of 20 years’ imprisonment without the possibility of parole; a fine of up to (a) twice the gross gain resulting from the offense, (b) twice the gross loss resulting from the offense, or (c) $250,000; a mandatory special assessment of $100; and a term of supervised release of up to 3 years. The case is being prosecuted by Assistant United States Attorney Peter E. Deegan, Jr. and was investigated by the United States Department of Education and the United States Postal Inspection Service. Court file information is available at https://ecf.iand.uscourts.gov/cgi-bin/login.pl. The case file number is CR11-2. Printable view Last Modified: 01/27/2011 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
Michael Cortez, Cedar Rapids Man Sentenced To Prison for Student Loan Fraud. Cedar Rapids, IA., January 14, 2011
Published by the Department of Education, Office of Inspector General on 2011-01-14.
Below is a raw (and likely hideous) rendition of the original report.