Thursday, January 9, 2014

Two Finance Execs Indicted For Allegedly Embezzling More Than $4 Million From Texas Municipal School District

From the Houston Chronicle on 1/8/14:

Beaumont Independent School District's director of finance and comptroller were named in an 19-count indictment on Wednesday.

Devin Wayne McCraney, 35, and Sharika Baksh Allison, 43, of Beaumont, have been charged by a federal grand jury with conspiracy and 18 counts of fraud.

In 2010, McCraney, the director of finance, and Allison, comptroller, are suspected of devising schemes in which they embezzled $4 million from BISD using 18 wire transfers to bank accounts in their personal control.

Read the whole story here.

Read the indictment here.

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