Ruston Man Sentenced for Student Loan Fraud
By: John Walton
Updated: February 7, 2012
United States Attorney Stephanie A. Finley announced today that Anthony Haywood Gregory II, 27, of Ruston, La., was sentenced Monday in federal court to five years probation in connection with fraudulently obtaining student loans.
Gregory was ordered to pay $49,800 in restitution to Sallie May, Inc. While enrolled at Louisiana Tech University, Gregory applied for and received five student loans and listed his father as the co-signer. The defendant used his father's information to obtain these loans without his father's permission and signed his father's name on the applications for the loans. T
he defendant then failed to repay the loans. U.S. Attorney Finley stated, "Student loan fraud is serious. Student programs and loans are designed to help students in need receive an education. When individuals seek to obtain loans under false pretenses, they undermine the integrity of the system. We will continue to prosecute those who commit student loan fraud and hold them accountable."
Gregory was ordered to pay $49,800 in restitution to Sallie May, Inc. While enrolled at Louisiana Tech University, Gregory applied for and received five student loans and listed his father as the co-signer. The defendant used his father's information to obtain these loans without his father's permission and signed his father's name on the applications for the loans. T
he defendant then failed to repay the loans. U.S. Attorney Finley stated, "Student loan fraud is serious. Student programs and loans are designed to help students in need receive an education. When individuals seek to obtain loans under false pretenses, they undermine the integrity of the system. We will continue to prosecute those who commit student loan fraud and hold them accountable."
