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Clearwater woman sentenced to prison for student loan fraud

TAMPA — A Clearwater woman was sentenced to a year and a day in federal prison Tuesday and ordered to pay $77,364 in restitution for her role in a conspiracy to commit student financial aid fraud.

U.S. District Court Judge Susan C. Bucklew also sentenced Shaneva Boyd, 30, to serve three years of supervised release when her prison term ends.

Boyd had pleaded guilty to the charge in August.

Prosecutors said Boyd and her husband, James Isaac Boyd, 40, formed Graduate Assistance and Consolidations Inc. in early 2006, a business they claimed would help students apply for financial aid.

But prosecutors said the couple assisted individuals without either a high school diploma or a General Equivalency Degree, which would have barred them from attending college or qualifying for financial aid. The Boyds, prosecutors said, caused false statements to be made on aid applications.

The couple then had checks sent to addresses associated with their company and kept a substantial cut for themselves, prosecutors said.

James Boyd also had pleaded guilty to student loan fraud in addition to a charge of aggravated identity theft. He is scheduled to be sentenced Jan. 13.

Clearwater woman sentenced to prison for student loan fraud 11/06/12 [Last modified: Tuesday, November 6, 2012 10:12pm]
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