Former Finance Director For Delaware School Charged With Embezzling $150K From District

William Hitch, Jr. of Laurel, Delaware, was charged with embezzling more than $150,000 from the Laurel School District where he had been employed as finance director. Authorities believe Hitch's scheme, which involved fraudulently authorizing overtime salary and other compensation for himself, dates back to September 2001. He has been indicted on 99 charges that include felony theft, felony misusing computer information, and the misuse of public information. Hitch resigned from the school system last December.

Read the story here, here and here.

Update (7/20/10): Hitch pleaded guilty to one count of theft, one count of tampering with public records and one count of misusing a computer system. The other 96 charges have been dropped. In exchange, Hitch has agreed to make full restitution of the nearly $151,000 he stole. He will also be placed on one year's probation, but will not have to serve jail time.