DOJ Unveils Major Student Loan Fraud Crackdown

DOJ Unveils Major Student Loan Fraud Crackdown

STL.News Press Release Distribution Services Operation Ghostbusters exposes alleged international fraud networks as federal investigators identify more than $32 million in losses, 830,840 potentially fraudulent student aid accounts, and criminal cases in three states. ALEXANDRIA, VA – October 29, 2026 (STL.News) DOJ – The U.S. Department of Justice announced Thursday a major nationwide crackdown on federal student financial aid fraud, unveiling criminal charges against five defendants and an international investigation into schemes that allegedly used stolen American identities to obtain millions of dollars in taxpayer-funded education assistance. The enforcement initiative, known as Operation Ghostbusters, targets suspected criminal networks accused of creating fictitious college students,

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