OIG Investigative Reports, Man Sentenced 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 Investigative Reports FOR IMMEDIATE RELEASE: Indianapolis, Indiana, June 29, 2001 Contact Person TIMOTHY M. MORRISON United States Attorney (317) 226-6333 Man Sentenced for Student Loan Fraud Timothy M. Morrison, United States Attorney for the Southern District of Indiana, announced that DAVID J. DEORIO, 41, presently detained in the Marion County Jail, was sentenced to 23 months imprisonment today by U.S. District Court Chief Judge Larry J. McKinney following his previously entered guilty plea to making false statements on a federally insured loan. This case was the result of an investigation by the Department of Education. DAVID J. DEORIO, applied for over $350,000 in federally insured student loan funds by submitting eighteen Federal Family Education Loan applications to various guarantee agencies and lenders. DEORIO caused eleven of these eighteen FFEL applications to be mailed and/or wired to USA Group of Fishers (now Sallie Mae), in connection with his attendance at Oxford University and London Business School, both schools located in the United Kingdom. In eight of the eighteen applications, DAVID J. DEORIO falsely and fraudulently claimed to be enrolled as a student at either Oxford University or London Business School. On fourteen of the eighteen FFEL applications, school officials from Oxford University and London Business School verified that the school certification section on the loan application documents submitted to various guarantee agencies and lenders had been falsified. Additionally, DEORIO used false social security numbers on his applications. According to Assistant United States Attorney James M. Warden, who prosecuted the case for the government, Judge McKinney also imposed 3 years supervised release following DEORIO's release from imprisonment. DEORIO was ordered to make restitution in the amount of $355,257.89. Top Printable view Share this page Last Modified: 03/02/2005 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
Sentencing for Student Loan Fraud Indianapolis, Indiana, June 29, 2001
Published by the Department of Education, Office of Inspector General on 2001-06-29.
Below is a raw (and likely hideous) rendition of the original report.