The founders of a defunct career college in Ohio have pleaded guilty to fraud charges in connection with allegations that they used the institution to steal $2.3-million in federal student-aid money, according to the Canton Repository.
John Richard Ceroni, 65, and Adale M. Ceroni, 63, pleaded guilty in federal court in Cleveland to charges related to mail fraud and money laundering. They had been accused of acquiring fake high-school diplomas for students they had recruited and using the documents to apply for financial aid on the students’ behalf.
The institution they operated, known as Carnegie Career College, closed after it was raided by FBI agents.
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