A former employee of the Texas Higher Education Coordinating Board has been indicted on charges that he stole $100,000 from its student-loan programs, the Austin American-Statesman reported.
Allan Dee Paiz, who had been a loan representative with the coordinating board, is accused of entering information into the agency’s computer system so that it would appear that people were seeking loans when they were not. He then intercepted the funds.
An official with the coordinating board said the agency had adopted internal controls to prevent employees from misappropriating money. —Karin Fischer
