Three indicted for allegedly stealing $20M from now-defunct Ohio college

OHIO — Ohio Auditor Keith Faber announced Thursday that three people have been indicted for allegedly stealing around $20 million from the shuttered Eastern Gateway Community College.

The indictments allege that Michael Perik, Nicole Rowe Colclasure and Michael Geoghegan committed a criminal scheme diverting Pell grants and other aid through fake reimbursements and illegal incentive payments. Faber added that it contributed to the closure of the school, which was one of the region’s only higher education options.

“These public resources were supposed to help disadvantaged students in an area of the state where educational opportunities were scarce,” Faber said. “Instead, it appears these individuals took advantage of their positions, and students were left out in the cold.”…

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