Artist steals and burns $500 million worth of student loan documents from university to set youngsters freeBy Mason White 9:02 AM May 26, 2016
By: Mahesh Sarin
An artist turned activist, is being investigated after he proudly admitted to stealing for the greater good.
Francisco Tapia, who is also known as Papas Fritas from Chile, posted a video to YouTube, admitting to stealing student loan documents from a university.
Tapia is accused of stealing and destroying $500 million of promissory notes and debt papers. In his video, he said that he freed the students by setting the documents on fire and rendering them useless.
In the video, Tapia told students that they don’t have to pay their student loan debt to Universidad del Mar. “We have to lose our fear, our fear of being thought of as criminals because we’re poor. This is my act of love for you,” he said.
The incident came after authorities began closing down the Universidad del Mar due to financial irregularities.
Although most of the students had to find alternative schools, the college is still collecting student loan payments.
Now, the owners of the university will have to sue each individual students for the money, which will be a slow and costly process.