AITechSpotabout 3 hours ago
Five Charged in AI Student Fraud Scheme
5 min read
Federal prosecutors charged five people in a student aid fraud scheme using AI to fake attendance, costing taxpayers millions. The Justice Department seized over $750,000 in cryptocurrency and identified over 830,000 potentially fraudulent accounts, estimating losses close to $130 million. One defendant received deposits worth about $1.44 million.
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