$ 240,000 student loan consolidation fraud scheme busted, Calgary police say


Calgary Police have laid charges in a student loan consolidation scam that defrauded several schools and a provincial agency over $ 240,000.

The investigation began in October 2019 when a provincial peace officer from the Higher Education Special Investigations Team contacted Calgary Police after noticing multiple inconsistencies with multiple student loan applications, a statement said. published Tuesday student loan consolidation

Investigators have determined that this was part of a two-man-led scheme from May 2017 to May 2020 to defraud Alberta Student Aid and several private post-secondary institutions.

The culprits are believed to have used the stolen identities of 21 unsuspecting people – whose personal information was stolen in data breaches – to fraudulently apply for student loans.

The two men used the stolen identities to enroll in many post-secondary schools and open bank accounts to receive financial aid.

“The suspects would appear physically at the school, posing as a student under a fraudulent identity, to meet the requirements for obtaining repayments of the loan,” the statement said.

Most loan applications resulted in initial loan approvals ranging from $ 25,000 to $ 38,000 for each bogus student.

“To get the second loan repayment, the suspects would phone the Alberta Student Aid Office posing as the affected student and request the release of the remaining funds. The total payment for each loan was $ 27,000, “the statement read.

Dave Guylenz Mitchell Beauvais, 32, faces several charges including money laundering and fraud over $ 5,000. His next court appearance is set for November 10.

His alleged accomplice, Kader Dahchi, 30, is wanted under warrants for one count of false document use and one count of identity theft.

Calgary police say there has been an increase in identity offenses committed online since the start of the pandemic. In 2019, 148 online identity crimes were reported in Calgary. In 2020, that number increased to 261.

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