oversight

Former Financial Aid Director for Manhattan College pleads guilty to defrauding Department of Education. New York, NY, April 23, 2002

Published by the Department of Education, Office of Inspector General on 2002-04-23.

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

OIG Investigative Reports, Ex-Financial Aid Director of Manhattan College Pleads Guilty to Defrauding Department of Education
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FOR IMMEDIATE RELEASE:
New York Thursday, February 28, 2002
For Information Contact: U.S. ATTORNEY'S OFFICE
MARVIN SMILON, HERBERT HADAD
PUBLIC INFORMATION OFFICE
(212) 637-2600
(718) 422-1870
JONATHAN LEIKEN
(914) 993-1914
EX-FINANCIAL AID DIRECTOR OF MANHATTAN COLLEGE PLEADS GUILTY TO DEFRAUDING DEPARTMENT OF EDUCATION
JAMES B. COMEY, the United States Attorney for the Southern District of New York, announced that RAYMOND B. KRULL pled guilty in White Plains federal court today to a one-count felony charging him with defrauding the Department of Education out of more than $200,000.
KRULL admitted in a court proceeding before Magistrate Judge GEORGE A. YANTHIS that, while he was the Financial Aid Director for Manhattan College in the Bronx, he completed a series of fraudulent federal student loan applications in his own name and received in excess of $200,000 to which he was not entitled.
KRULL faces a maximum sentence of five years in prison when he is sentenced before United States District Judge CHARLES BRIEANT on July 23, 2002.  Under the terms of his plea agreement  with the Government, KRULL must pay restitution in the amount of approximately $203,0000.
KRULL was released on a $50,000 personal recognizance bond. KRULL now lives in Nashville, Tennessee.
Mr. COMEY stated: This is an important conviction, both because it involves a striking abuse of trust and because the money stolen was intended for deserving college students
Mr. COMEY praised the investigative efforts and assistance of the Department of Education, Office of the Inspector General, and the FBI.
Assistant United States Attorney JONATHAN LEIKEN is in charge of the prosecution.
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Last Modified: 03/03/2005
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