Thousands of “ghost students” use AI to steal millions in student loans, DOJ says
The US has charged five individuals as part of the first broad federal crackdown on “ghost students”—fraudsters who steal the identities of hundreds of Americans to pose as fake college students and steal student loans. In a press release Thursday, the Department of Justice said it had uncovered a large-scale scheme relying partly on AI. The DOJ seized more than $750,000 in cryptocurrency from “a network associated with Kenyan nationals" after data analysis helped flag likely fraudsters. Assistant Attorney General Colin M…