The investigation began in March when college officials contacted Montgomery County detectives about suspicious activity involving the school's bank accounts and credit cards.
"Their greed is a cautionary tale to remind the community to put financial safeguards in place to prevent fraud and theft," said DA Deb Ryan.
A fugitive on the run since September is now under arrest on federal charges that center around a South Jersey deli.
The Justice Department on Tuesday announced the arrests of a New York couple in an alleged $4.5 billion cryptocurrency laundering scheme.
One of the stars of "The Real Housewives of Salt Lake City" is under arrest, along with her assistant, accused of running a nationwide telemarketing fraud scheme.
The Justice Department lists some of the purchases as nearly $725,000 for homes in Texas, $78,000 for a 2020 Land Rover and a $63,000 purchase at Chanel.
