September 29, 2008
Education Department Official Who Held Stock in Loan Company Resigns
Washington
Matteo Fontana, the senior Education Department financial-aid official found to have been holding stock in one of the student-loan companies he was trusted with regulating, has quit the department after 17 months on paid leave.
A department spokeswoman on Friday confirmed the departure of Mr. Fontana, who had served as general manager of the Financial Partners Division of the department’s Federal Student Aid office until his stock holdings were publicly reported in April 2007
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