The Ellis County Press: Ex-CFO Sentenced

Ex-CFO Sentenced
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Editor on 05/09/2008 22:49:00


LANCASTER
Ex-CFO sentenced
MEGAN GRAY
The Ellis County Press
WASHINGTON, D.C. - Eugene Smith, Lancaster Independent School District's former
chief financial officer who was recently indicted by federal authorities, was
sentenced May 7 and will serve six months in prison, followed by four months of
house arrest.
Smith, who won an award from the Texas Education Agency for financial
accountability when he was at the LISD from 2005 to 2006, was accused of
laundering $46,742 during a stint at a Washington, D.C.'s charter school.
A bank employee discovered a discrepancy when Smith was alleged to have
transferred the funds to another bank. Federal authorities were then notified,
according to a _Washington Post's_ story last month.