Thursday, December 4, 2008

Nevada Lt. Governor Indicted For Alleged Fraud

Brian Krolicki, 47, the current Lt. Governor of Nevada and the former State Treasurer, was indicted yesterday on fraud charges alleging mismanagement of the state's college savings program. Krolicki claims the case is purely political as he is a Republican who has announced that he will run against US Senator Harry Reid. The charges include two counts of "misappropriation and falsification of accounts by a public officer" and two counts of "misappropriation by a treasurer. " The indictment came out of a 2007 audit of the Nevada College Savings Program, in which state auditors allege more money was spent on expenses than authorized and that funds went out of the state accounting system which should not have. It is not alleged that any funds are missing. Krolicki was State Treasurer from 1999 to 2007. His chief of staff while State Treasurer, Kathryn Besser, was also indicted on two similar counts.

Read the story here, here and here.


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