Garda Fraud Squad considers probe into pilot training college

The Garda Fraud Squad are assessing whether to launch an full investigation into a Waterford-based pilot school which collapsed leaving 180 trainees, who had paid up to €80,000 each in fees, stranded in Florida.

As part of initial inquiries, the Fraud Squad is examining documentation given to them by the trainees which details how and when they paid their fee instalments. It is estimated the Pilot Training College of Ireland (PTC) owes up to €10m in fees to Irish and international students.

It is also understood that several students have contacted gardaí in Waterford City with a view to making formal statements about PTC’s activities.