The hammer is coming down. Robert Felner was just indicted on charges of misusing federal grants. And we hear this is only the first round.
Ten counts of mail fraud, money-laundering conspiracy and income-tax evasion.
Thomas Schroeder is in on it, too.
A federal grand jury in Louisville charged Felner, 58, with 10 counts of mail fraud, money-laundering conspiracy and income-tax evasion.
The 45-page indictment says that Felner and Thomas Schroeder, 58, of Illinois, took $1.7 million from the Rhode Island school and about $576,000 from U of L, and attempted to embezzle another $240,000 from U of L.
Felner, who resigned from U of L earlier this year, also allegedly failed to report $1.6 million in income from 2002 to 2007 and allegedly owes $500,000 in federal taxes, U.S. Attorney Dave Huber said in a news release.
We’ll have more in an hour or so.