School Execs Must Forfeit $7.4M For Visa, Loan Fraud
Law360, New York (January 28, 2016, 3:05 PM EST) -- Three executives of a closed for-profit medical professional school must forfeit $7.4 million and pay $1 million in restitution after they pled guilty to faking student attendance and other documents to maintain eligibility for federal tuition grants and visas, a New York federal judge ruled Wednesday.
U.S. District Judge Paul J. Oetken also sentenced Micropower Career Institute president Suresh "Sam" Hiranandaney and his colleague, Lalit Chabria, to one year and one day in prison, and sentenced their colleague and Chabria’s wife, Anita, to six months of home confinement for their roles in the loan scheme that took $1 million from the...
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