oversight

Former Financial Aid Advisor Arrested for Stealing Over $62,000 in Student Financial Aid. Boston, MA., March 22, 2013

Published by the Department of Education, Office of Inspector General on 2013-03-22.

Below is a raw (and likely hideous) rendition of the original report.

OIG Investigative Reports Press Release Boston MA., 03/22/2013 - Former Financial Aid Advisor Arrested for Stealing Over $62,000 in Student Financial Aid
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THE UNITED STATES ATTORNEY'S OFFICE
DISTRICT OF MASSACHUSETTS
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Former Financial Aid Advisor Arrested for Stealing Over $62,000 in Student Financial Aid
March 22, 2013
BOSTON – A former financial aid advisor at a Brockton training school was arrested today for stealing over $62,000 in student financial aid.
Ayana Bean, 38, of Hyde Park was charged with theft or bribery concerning programs receiving federal funds.
Sullivan and Cogliano Training Centers (SCTC) is a for-profit career training school that offers certificate programs in information technology and other careers. The office of Federal Student Aid within the U.S. Department of Education administers financial aid to eligible students attending educational institutions around the country. Whenever an educational institution, such as SCTC, disburses federal financial aid funds by crediting a student's account, and the total amount of all federal financial aid funds credited exceeds the amount of tuition and fees, room and board, and other authorized charges, the institution must pay the resulting credit balance directly to the student, often in the form of what is known as a federal financial aid refund check.
According to the complaint affidavit, in July 2010, Bean was employed by SCTC as a financial aid advisor. As part of her responsibilities, Bean also had access to SCTC students' federal financial aid refund checks. On Aug. 15, 2012, a SCTC student contacted SCTC about the status of her federal financial aid refund check. SCTC staff determined that Bean had stolen the student's check, forged the student's endorsement, and deposited the check into a personal bank account. A subsequent investigation revealed that Bean had mishandled and stolen approximately 100 federal financial aid refund checks during her employment at SCTC. The complaint affidavit specifically identifies 77 financial aid refund checks, totaling over $62,000, that Bean allegedly stole between June 2011 and August 2012. ATM surveillance images show Bean depositing some of the checks into her personal bank accounts.
Bean was previously convicted in Suffolk Superior Court on multiple counts of uttering false and forged records and larceny. In that case, Bean stole just under $240,000 worth of federal financial aid refund checks from two local colleges. Bean was sentenced to two years in prison; she served six months of that sentence followed by three years of probation.
The maximum sentence under the statute is 10 years in prison, a $250,000 fine and three years of supervised release.
United States Attorney Carmen M. Ortiz; Brian Hickey, Special Agent in Charge of the U.S. Department of Education, Office of Inspector General; and Chief Emanuel Gomes of the Brockton Police Department, made the announcement today. The case is being prosecuted by Assistant U.S. Attorney Maxim Grinberg of Ortiz's Major Crimes Unit.
The details contained in the charging documents are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.
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Last Modified: 03/26/2013
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