A Perrysburg man has been indicted on a superseding indictment on two counts of wire fraud and three counts of tax fraud, according to a Thursday news release by the Department of Justice.
The superseding indictment alleges that from February 2011 through August 2018, Jacques J. Eid, 56, devised a scheme to defraud federal Title IV Aid programs and two private high schools to obtain money and property by means of materially false and fraudulent statements regarding his family’s financial status as it related to his family’s eligibility for student aid and federally funded student loans.
It also alleges that Eid devised a scheme to defraud the Food Stamp/SNAP benefit program by obtaining authorization for his business to be enrolled as an authorized retailer under false pretenses based on false and fraudulent statements on the store’s applications to participate in the program. It further alleges that Eid made materially false statements on his tax returns for three consecutive years.
The investigation preceding the indictment was conducted by the Department of Education, Office of Inspector General, the Department of Agriculture-Office of Inspector General and the Internal Revenue Service. The case is being prosecuted by Assistant U.S. Attorney Jody King.
