FORMER TSU ADMISSIONS EMPLOYE INDICTED ON FEDERAL STUDENT AID FRAUD

FORMER TSU ADMISSIONS EMPLOYE INDICTED ON FEDERAL STUDENT AID FRAUD

31 year old Renauld Clayton, A former admissions employee for Tennessee State University has been indicted on multiple charges, including fraud, involving federal student aid payments. Clayton was working in the admissions office when he changed others’ bank account information and began diverting students’ federal student aid payments to bank accounts under his control.

The U.S. Department of Education later found that $84,506 had been misappropriated and that Clayton had fraudulently deposited more than $60,000 into his personal bank accounts, according to a release. If convicted on the federal charges, he faces up to 20 years in prison and a $250,000 fine.

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