Butler County woman charged with student loan frauds
A Butler County woman who had one relative with a student ID and another with a bank account obtained more than $45,000 in fraudulent student loans, a federal grand jury said today in a six-count indictment.
Kelly Ann Burdette, 44, of Harrisville -- also known as Kelly Montifiori and Kelly Sturgis -- is charged with four counts of mail fraud and two counts of securities fraud for obtaining four loans from JP Morgan, GMAC, Bank of America and Sallie Mae.
Burdette obtained the loans from the banks using the student`s name and the bank account holder`s Social Security number, but used the student`s Social Security number for the loan from Sallie Mae, according to the indictment.
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By Pittsburgh Tribune-Review A Butler County woman who had one relative with a student ID and another with a bank account obtained more than $45000 in fraudulent student loans, a federal grand jury said today in a six-count indictment.
US Bank said Friday it will begin offering a fixed-rate student loan, two weeks after competitor Wells Fargo did the same. US Bank, based in Minneapolis, is offering a fixed rate of 7.99 percent, while Wells Fargo, based in San Francisco, offers rates
In addition to paying $8.5 billion to 530 mortgage trusts affected by problem mortgages, Bank of America would be required to transfer 300000 loans to a small group of companies for improved servicing under the terms of the deal, she said.
"There's going to be continued pressure placed on bank earnings, and when that happens, they've got to try and find areas where they can find efficiencies," he said. In January, Wells Fargo announced it was eliminating 120 jobs in its student loan
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