Wednesday, June 4, 2008

Former CEO of Student Finance Corp Pleads Guilty to Fraud

Andrew Yeo, who was the former CEO of Student Finance Corp, pleaded guilty to counts of fraud and money laundering. He will be sentenced on September 5, 2008. According to this article here at the Philadelphia Business Journal, he was found using an accountant to prepare fraudulent documents in support of loans he received. He was charged with seven counts of making a false statement, one count of wire fraud, one count of mail fraud, and one count of money laundering.

Share this article with your social network, just click below to share now!

No comments: