Two charged for education loan fraud - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Two charged for education loan fraud

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FLORENCE, SC (WMBF) - Two Lake City residents have been sentenced in federal court in Florence for conspiracy to commit wire fraud and education loan fraud, according to United States Attorney Bill Nettles.

Evidence showed 24-year-old Rubin Taylor and 28-year-old Mary Taylor made an agreement between each other and enlisted the aid of their 10 co-defendants, and others, to enroll at online schools without actually attending courses, according to a press release by the U.S. Attorney's Office.

Federal applications for student aid were submitted on behalf of the Taylors and their co-defendants. The Taylors and the co-defendants were awarded the federal financial aid. Excess funds were also sent to all defendants.

The Taylors used personal information from others to receive more money after enrolling them in school as well.

Education loan fraud is in violation of Title 18, United States Code, Section 371. The Taylors' actions resulted in approximately $100,000 in losses.

United States District Judge R. Bryan Harwell of Florence sentenced Rubin Taylor to 15 months imprisonment and three years supervised release. Rubin Taylor is also ordered to pay almost $26,000 in restitution.  Mary Taylor is sentenced to six months imprisonment and three years probation with the first eight months under home detention with electronic monitoring.  Mary Taylor is also ordered to pay over $62,000 in restitution.

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