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.
