October 23, 2022

BOSTON – The United States Attorney’s Office announced today approval by the Department of Justice’s Money Laundering and Asset Recovery Section to direct $454,945 recovered from forfeited assets to the victims of Keenam “Kason” Park. Park was convicted in August 2020 of one count of wire fraud in connection with a scheme to defraud private high schools and international students of millions of dollars in tuition and other fees.

The United States Attorney’s Office also announced approval to direct $229,882 recovered from forfeited assets to the victims of Raymond K. Montoya. Montoya was a hedge fund manager convicted in October 2018 of three counts of wire fraud, five counts of mail fraud and two counts of conducting an unlawful monetary transaction in connection with running a multi-million-dollar Ponzi scheme. 

Keenam Park

In December 2020, Park was sentenced by U.S. Senior District Court Judge Mark L. Wolf to five years in prison and three years of supervised release and was ordered to pay restitution of $7,332,407. The court also ordered forfeiture in the amount of $7,332,407. 

Park – through his company, EduBoston – collected tuition and other payments from students’ families for the 2019-2020 academic year but failed to pay the full tuition owed to partnering schools. Instead, Park used the funds on unrelated expenses, including personal expenses. Park also caused EduBoston to collect advance tuition and other payments for the 2020-2021…

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