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FOR IMMEDIATE RELEASE:
Indiana, March 5, 2003

Contact Person
SUSAN W. BROOKS
United States Attorney
(317) 226-6333
10 West Market Street, Suite 2100
Indianapolis, Indiana 46204

New York Doctor Indicted for Student Loan Fraud

Susan W. Brooks, United States Attorney for the Southern District of Indiana, announced that MAX NOEL, 39, N. Babylon, New York, was indicted by a federal grand jury sitting in Indianapolis for student loan fraud, following an investigation by the U.S. Department of Education, Office of Inspector General.

The indictment alleges that Max NOEL engaged in a fraud on student loan programs guaranteed by the United States Department of Education, by submitting false student loan applications in order to pay for his education at schools that were not eligible to receive Department of Education guaranteed loans. The indictment alleges that from, 1996 to 1999 Noel submitted applications for Department of Education guaranteed loans that contained false or fraudulent information, such as certifications from schools that he did not attend and that did not certify the application.

According to Assistant United States Attorney Winfield D. Ong, who is prosecuting the case for the government, NOEL faces a maximum possible prison sentence of 5 years and a maximum possible fine of $250,000. An initial hearing will be scheduled for NOEL before a U.S. Magistrate Judge in Indianapolis.

The indictment is an allegation only, and the defendant is presumed innocent unless and until proven guilty at trial or by guilty plea.


 
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Last Modified: 03/02/2005