Mississippi Student Arrested for theft of $100K

Jake Marshall is a 23-year-old doing his communications major from Biloxi. He was arrested on Tuesday by the Mississippi attorney general's office.

Why was he arrested? No, not because he stole boiled eggs or toasted bread, but on two counts of wire-fraud.

According to investigators, Marshall used the checking account and routing numbers off his paycheck from Tampa, Fla.,-based Barbizon modeling school to allegedly funnel up to $100,000 into an account with Tuition Management Systems, a private vendor used by Mississippi College.

They say that he spent his summer handing out fliers at Northpark mall for Barbizon and entered the numbers on the bottom of his paycheck into Tuition Management Systems' online form, apparently with the plan of paying his tuition and pocketing the rest.

Jan Schaefer, spokesperson for Attorney General Jim Hood, said investigators arrested Marshall on campus after he picked up a check for $19,000 cut from the tuition service.

Mississippi College will hold a disciplinary hearing next week to determine Marshall's future as a student.

He is being held at the Hinds County Detention Center in Raymond until his court appearance, which has not been scheduled.

Quite an ingenious method for paying tuition fees!

Source: Jackson Clarion Ledger, Jackson, MS, USA