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Ex-CFO indicted

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The Ellis County Press

WASHINGTON, D.C. – Eugene P. Smith, Lancaster ISD’s former chief financial officer, was recently indicted for allegedly using $50,000 for personal use, according to the Washington Post.

Smith, who had the signature on the New Vistas Prepatory school bank account in the nation’s capital, had earned a "superior achievement" designation from the Texas Education Agency’s financial integrity rating system of Texas in 2005.

New Vistas was later closed by the D.C. school board.

Sentencing has been postponed until May in U.S. District Court.

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