Reporting Fraud Procedure
Federal regulations require Touro College and University System to refer applicants who may have engaged in fraud or other criminal misconduct in connection with a financial aid application directly to the Office of the Inspector General of the US Department of Education or to state or local law enforcement agencies.
Fraud may exist if there is reason to suspect:
- falsified documents or forged signatures on the application itself or on documents submitted for verification of information of the application;
- a false claim to independent status;
- use of false or fictitious names, aliases, addresses, or Social Security numbers, including deliberate use of multiple Social Security numbers;
- a pattern of incorrectly reported information from one year to the next;
- stolen or fraudulently endorsed financial aid checks;
- embezzlement of financial aid checks or funds;
- kickbacks to receive grants, loans, or work-study employment;
- unreported prior loans or grants, and receipts of concurrent grants during one award year;
- a pattern of filing Special Condition Applications (aka, professional judgment appeals) for two or more consecutive years for the same reason.
The law establishes criminal penalties for fraud under the Title IV programs.
Any person who knowingly and willfully embezzles, misapplies, steals, or obtains by fraud, false statement, or forgery and funds, assets or property provided or insured under Title IV is subject to a fine of not more than $10,000 or imprisonment for not more than five years or both.