MACON - A Perry woman was charged on September 13 by a federal grand jury on three counts of student loan fraud, three counts of attempted student loan fraud, six counts of wire fraud and six counts of aggravated identity theft.
Queen Adeboyeo is accused of applying for and receiving Direct PLUS loans. According to court documents, Direct PLUS loans are given out by the Department of Education as part of the Federal Direct Student Loan Program, part of Title IV of the Higher Education Act of 1965.
The program allows eligible students to receive low-interest loans that go toward higher education at a four-year college or university, community college, trade, career or technical school. Borrowers must be parents of undergraduate students that are claimed as dependents on taxes, graduate students or professional students, and must not have a negative credit history. If a borrower has a negative credit history, they must have a co-signer on the loan who has a positive credit history.
Co-signers must fill out and file an "Endorser Addendum," which includes the co-signer's name, date of birth and social security number. The file can be filed electronically, and prior to December 2015 (after the period in which the crimes were allegedly committed) the Department of Education's online financial aid system was located in Plano, Texas.
Borrowers must make all payments, including interest, to the Department of Education.
Adeboyeo is accused of fraudulently receiving three Direct PLUS loans totaling more than $25,000 in July 2012, July 2013 and February 2015. She is also accused of fraudulently applying for three more $50,000 loans in December 2013, January 2014 and March 2014.
She is also accused of illegally obtaining and using the dates of birth and social security numbers of three people, identified as G.J, M.D. and B.B. in court documents, and submitting them as co-signers online using "Endorse Addendums" on the FDSLP website, constituting wire fraud. Adeboyeo received loans she was not authorized to receive as a result of the fake endorsements from G.J. and B.B. She is charged with six counts due to allegedly submitting fake "Endorser Addendums" from Perry to the Department of Education's online financial aid system in Plano, Texas, six times.
In June 2012 and July 2013, Adeboyeo is accused of submitting false "Endorser Addendums" in the name of victim G.J. In July 2013, December 2013 and January 2014, she is accused of submitting false "Endorser Addendums" in the name of victim M.D. And in January 2015, she is accused of submitting a false "Endorser Addendum" in the name of victim B.B.
Adboyeo's aggravated identity theft charges also stem from the uses of "Endorser Addendums" listed above.
The two loans allegedly obtained with the "Endorser Addendum" for victim G.J. totaled $16,874, and the loan allegedly obtained with the "Endorser Addendum" for victim B.B. totaled $18,828.
(© 2016 WMAZ)