Local man sentenced for loan fraud
September 9, 2009
Total Loss:
$340,000
A Huntington-area man convicted of student loan fraud will spend one year and six months behind bars and pay $344,908 in restitution. Stephen Phillips, 38, was sentenced Aug. 27, by U.S. District Judge William W. Caldwell in Harrisburg, Pa. Phillips had pleaded guilty to the federal charge in May. A U.S. Attorney's Office press release states the conviction arose out of a scheme in which Phillips allegedly used the identities of innocent third parties to apply for more than $340,000 in federal educational benefits.
Source:
Herald Dispatch
Posted in:
Internal Fraud