Four Charged In For-Profit College Fraud
MIAMI (CBSMiami/AP) — Alejandro Amor, the former owner of the defunct Fast Train college, and three of its admission officers have been named in a 15 count federal indictment.
They are accused of obtaining $6.5 million in fraudulent student aid.
Fast Train had locations in six Florida cities before it shut down in 2012 following FBI searches at its offices.
The indictment says Fast Train officials recruited students who were not eligible for federal student aid to apply for fraudulent Pell Grants and student loans. About 1,300 such applications were completed between August 2008 and May 2012.
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