Collection Agency President Convicted of Student-loan Fraud

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00003216-collection-agency-president-convicted-of-/

A federal judge has found a 44-year-old Gilbert man guilty of bank fraud involving more than $3.6 million from April 1999 to June 2000, according the U.S. Attorney’s Office in Arizona.

Robert C. Hazlett, who was president of Valley Acceptance Corporation, a debt collection agency, was convicted of conspiring with four of his employees to submit fraudulent applications for consolidated student loans to a bank in Richmond, Va., the Attorney’s Office said.

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