A sophisticated scam has been uncovered at many US colleges, where "ghost students" – individuals using stolen or fake identities to enroll in online classes and access financial aid – have been committing identity theft on a massive scale.
The scammers, often operating from overseas, create fake student profiles by stealing personal details such as Social Security numbers, addresses, and dates of birth. They then use these fabricated identities to sign up for Pell grants and loans at multiple institutions simultaneously, racking up thousands of dollars in debt that the real victims will ultimately be left to pay.
According to authorities, these scammers frequently target students who have previously been awarded financial aid or those who are struggling financially. The thieves exploit loopholes in the college system, taking advantage of lax security measures and lack of oversight to carry out their schemes.
In some cases, the "ghost students" even create fake student profiles that appear authentic, complete with fabricated transcripts and test scores. However, upon closer inspection, authorities often discover a web of inconsistencies and red flags that indicate something is amiss.
The financial losses inflicted by these scammers can be staggering, with some estimates suggesting that over $100 million has been stolen from unsuspecting students. As authorities crack down on the perpetrators, they are also working to strengthen college security measures and protect vulnerable students from falling victim to these sophisticated scams.
The scammers, often operating from overseas, create fake student profiles by stealing personal details such as Social Security numbers, addresses, and dates of birth. They then use these fabricated identities to sign up for Pell grants and loans at multiple institutions simultaneously, racking up thousands of dollars in debt that the real victims will ultimately be left to pay.
According to authorities, these scammers frequently target students who have previously been awarded financial aid or those who are struggling financially. The thieves exploit loopholes in the college system, taking advantage of lax security measures and lack of oversight to carry out their schemes.
In some cases, the "ghost students" even create fake student profiles that appear authentic, complete with fabricated transcripts and test scores. However, upon closer inspection, authorities often discover a web of inconsistencies and red flags that indicate something is amiss.
The financial losses inflicted by these scammers can be staggering, with some estimates suggesting that over $100 million has been stolen from unsuspecting students. As authorities crack down on the perpetrators, they are also working to strengthen college security measures and protect vulnerable students from falling victim to these sophisticated scams.