Tags: nevada | lt | gov | fraud

Nevada's Lt. Governor Indicted On Fraud

Thursday, 04 Dec 2008 10:58 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

LAS VEGAS — A grand jury on Wednesday indicted Lt. Gov. Brian Krolicki on charges of mismanaging a multibillion-dollar college savings program when he was state treasurer.

The indictments don't allege any money was missing. They include four felony charges, each carrying a possible sentence of up to four years in prison.

Krolicki has said he is being targeted for political reasons. He was the first Republican to announce plans to run against U.S. Senate Majority Leader Harry Reid in 2010.

He said the indictment was the result of "a secretive process" that was unfairly orchestrated by Attorney General Catherine Cortez Masto.

Representatives for Masto and Reid, both Democrats, deny any politics were involved.

"The attorney general has had no conversations with Sen. Reid on this issue," Masto spokeswoman Edie Cartwright said. "And she does not operate this office in a partisan manner."

The indictments followed a 2007 audit of the $3.7 billion Nevada College Savings Program, which helps parents start saving early for their children's college education.

Legislative auditors have said more money was spent on program expenses than they had authorized. They also said money was handled outside the state's accounting system, and the treasurer's office hadn't set up accounting or internal control procedures.

The indictment accuses Krolicki of two counts of misappropriation and falsification of accounts by a public officer and two counts of misappropriation by a treasurer.

His former chief of staff in the treasurer's office, Kathryn Besser, was indicted on two counts: being a principal to misappropriation and falsification of accounts and being a principal to misappropriation by a treasurer.

Krolicki, 47, was state treasurer from 1999 to 2007, when he was sworn in as lieutenant governor.

© 2008 The Associated Press. All rights reserved.

-

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Leaked Campaign Memo Exposes Michelle Nunn's Weaknesses

Monday, 28 Jul 2014 23:04 PM

Democrat Michelle Nunn's run for the Georgia Senate seat being vacated by retiring Republican Saxby Chambliss suffered a . . .

WaPo's Cillizza: Obama's Incompetence Will Hurt Midterm Dems

Monday, 28 Jul 2014 21:39 PM

President Barack Obama is facing a problem with public confidence in his abilities, but Democrats seeking midterm re-ele . . .

Leahy to Propose Strong Curbs on NSA Phone Data Collection

Monday, 28 Jul 2014 19:21 PM

A new Senate proposal to curb the government's bulk collection of Americans' telephone records and increase transparency . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved