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With an indictment and a not-guilty plea, the fraud case against the founder of a student loan assistance startup company that J.P. Morgan Chase acquired for $175 million two years ago took a step ...
Navient Corporation is an American student loan servicer based in Wilmington, Delaware.Managing nearly $300 billion in student loans for more than 12 million debtors, the company was formed in 2014 by the split of Sallie Mae into two distinct entities: Sallie Mae Bank and Navient.
Student borrowers in America owe their lenders a combined $1.76 trillion, according to the Education Data Initiative. With that much money changing hands, you can count on criminals to try to ...
The office of the U.S. Attorney for Massachusetts first began investigating Kabbage in December 2020 for potential violations of the False Claims Act, which punishes government fraud.
To deceive his investors, Berg opened dozens of post office boxes under fake names, wrote fake loan documents, and submitted this misleading information to his auditor, Moss Adams. [2] The FBI arrested Berg in Los Angeles on October 21, 2010, on a criminal complaint charging him with wire fraud, money laundering, and bankruptcy fraud. [10]
Student loan borrowers demand President Biden use "Plan B" to cancel student debt Immediately at a rally outside of the Supreme Court on June 30, 2023, in Washington, D.C. (Photo by Paul Morigi ...
Graham Holdings Company (formerly The Washington Post Company) is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia , and incorporated in Delaware , [ 3 ] it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
WASHINGTON (Reuters) - The U.S. Education Department on Wednesday canceled student-loan debts of 12,900 people defrauded by defunct Corinthian Colleges, after an internal review showed it stopped ...