Ex-Wayland Baptist University CFO admits theft, gets five year sentence
Plainview, Texas -- A former Wayland Baptist University chief financial officer pleaded guilty to first-degree felony theft and agreed to a five-year prison sentence after he used university funds for personal expenses, Hale County District Attorney Wally Hatch said.
James E. Smith entered his plea on Thursday, Hatch said.
In April, the Plainview university sued Smith in Hale County District Court based on an internal investigation and contacted law enforcement officials about its findings, Wayland Baptist said in a statement.
The lawsuit alleged Smith breached his contract with Wayland Baptist by using about $40,000 in corporate funds to pay personal debts, including personal credit card charges, and by falsifying books and records to conceal misuse of funds.
More at http://amarillo.com/news/local-news/2014-04-22/former-wayland-baptist-executive-headed-prison .
[font color=green]Another example of a fine Christian.[/font] 