Criminal Law Questions? Ask a Criminal Lawyer.
Thank you for your follow up.
It is absolutely essential to hire a local lawyer when such serious allegation are made.
Under Title 20, Section 1097(a), student loan fraud if found guilty, the penalty carries a maximum penalty of 5 years imprisonment and/or a fine of $250,000.
And criminal charges can be filed within 5 years from the time the fraud is discovered, so it is not unusual to see federal charges filed even 10-20 years later, when alleged victim claims that he/she just discovered such fraud.
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