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Clearwater woman gets year in federal prison for student loan fraud scheme

TAMPA — A Clearwater woman was sentenced to federal prison for a year and a day after pleading guilty to her role in a student loan fraud scheme. Shaneva Boyd, 30, was sentenced Tuesday in U.S. District Court. Authorities say between 2005 and 2007, Boyd and her husband formed a company called Graduate Assistance Consolidations in St. Petersburg. They say the couple fraudulently helped ineligible students enroll at St. Petersburg College and apply for federal student financial aid. Boyd, the company's secretary, caused false statements to be placed on forms and directed dozens of financial aid checks to the company. As part of her sentence, Boyd will face three years of supervised release after her prison stint. She was also ordered to pay more than $77,000 in restitution and forfeit substitute assets of $70,000. Her husband, 40-year-old James Isaac Boyd, pleaded guilty in October to conspiring to commit student loan fraud, committing student loan fraud and aggravated identity theft. He is scheduled to be sentenced in January.

Clearwater woman gets year in federal prison for student loan fraud scheme 11/06/12 [Last modified: Tuesday, November 6, 2012 5:04pm]
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