Scholar accused of fraud to change plea

Posted: Wednesday, March 31, 2010

ANCHORAGE - A former beauty queen and academic scholar accused of getting two Social Security numbers to obtain large student loans is changing her plea.

Rachel Yould's trial was expected to begin Monday in federal court in Anchorage. She is charged with mail fraud and wire fraud.

Court papers filed Tuesday said Yould intends to change her plea and does not have a plea agreement.

Yould claimed that she was sexually abused as a child, raped as a young woman and forced to go into hiding with a new identity, and a new Social Security number.

Prosecutors contend that the Fulbright and Rhodes scholar is a schemer who used a Social Security program intended to help abuse victims to skirt limits on government-run student loan programs. Yould obtained over $600,000 in loans.

Yould blamed her problems on bad advice from the Social Security Administration.

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