Saturday, August 4, 2012

School official accused of embezzlement pleads guility in California

FROM SACBEE.COM -

A former school superintendent in San Mateo County accused of billing one school district for work done on his home and misappropriating funds from another district has reached a plea deal.


The Palo Alto Daily News reports (http://bit.ly/OlL5Lu) that Timothy Hanretty pleaded no contest on Tuesday to multiple counts of misappropriating funds in exchange for a prison sentence of no more than four years. He originally faced embezzlement charges as well. Those charges stemmed from allegations that he billed the Portola Valley School District about $101,000 for renovation work at his home while serving as the district's superintendent.

Hanretty's attorney says he plans to make restitution to Portola Valley.

Prosecutors also say Hanretty misappropriated funds from Woodside Elementary School District, taking out $2 million in additional loans for school projects although that money had not been approved by the school board.

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