Three senior for-profit college executives were sentenced Tuesday on charges related to student financial aid and student visa fraud, the United States Attorney’s Office for the Southern District of New York announced.
Suresh Hiranandaney, Lalit Chabria and Anita Chabria were all executives at either Micropower Career Institute (MCI), a for-profit with five campuses in New Jersey and New York, or the Institute for Health Education (IHE), a New Jersey-based for-profit institution. They were charged with defrauding the U.S. Department of Education of $1 million in grants awarded to domestic students. "As part of this fraud," the U.S. attorney’s office said in a news release, "they falsified and manipulated documents to hide MCI’s failure to timely return financial aid money received by MCI for domestic students who had dropped out of MCI."
Read more at Inside Higher Ed: https://www.insidehighered.com/quicktakes/2016/01/29/profit-college-execs-sentenced-financial-aid-visa-fraud-charges