Student loan fraud

SAN FRANCISCO — The Ninth Circuit held that a California federal court properly entered judgment in favor of students who brought RICO claims against student loan services. A jury found the students were victims of a scheme that left them on the hook for “hefty payments” on fraudulent loans. The students neither knew nor reasonably should have known of their fraud-based injuries more than four years before they filed suit in 2020, so the claims fall within the four-year statute of limitations.Read the ruling here.Subscribe to our free newslettersOur weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.Additional Reads