Arrest warrants have been issued for four San Francisco State University students, including a former student body president and vice president, who allegedly embezzled nearly $9,000 from the university in 1986 and 1987. The warrants charge the four with setting up a phony billing system in which they charged the student government, Associated Students, for services that were never rendered. The charges surfaced in March, 1988, when a student said she had been paid a $10 fee to receive a $400 check as a lecturer. A university investigation uncovered numerous other alleged instances of fraud, totaling about $9,000. The four students were identified by the district attorney's office as Lamont Coleman, 23, former student body president; Marco Rodriguez, 23, former student body vice president; Disraeli Ellison, 24, a student body court justice, and Corey Covington, 23.