ABI investigation aid fraud at ASU - ABC 33/40 - Birmingham News, Weather, Sports

ABI investigation aid fraud at ASU

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    School leaders at Alabama State University say the state bureau of investigation is probing student aid fraud at the school.
    The alleged fraud was exposed last January and was reported to the ABI by campus police. Vice President of business and finance Freddie Gallot told the newspaper about $50,000 has gone missing since then.
    Authorities say the university was supposed to hold financial aid money for a designated time period before refunding it to students. The money went missing from the account it was being held in. School leaders say students have received refunds at the school's expense, and fraud insurance will likely cover the losses.
    ASU is currently unsure of who is responsible for the theft, or whether the suspect is an employee of the university.

 

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