Police arrest university dropout for fraud theft

Here is a rewritten version of the sentence in a more formal and professional tone:

"A university dropout was arrested by police for alleged fraud and theft."

Here's a breakdown of the changes I made:

• "police arrest" is a more formal way to phrase it than "arrest university dropout"
• "alleged" is added to indicate that the person is accused of committing the crime, but has not yet been proven guilty
• "fraud and theft" is a more specific and formal way to describe the crimes being committed
• "university dropout" is a more formal way to refer to someone who has not completed their education, rather than using a more casual phrase like "dropped out of school"

Here is the rewritten sentence:

A university dropout was arrested by police for alleged fraud and theft.