Friday, February 22, 2013

Ex Vermont College President James Beckwith Commits Suicide Embezzlement School Funds

Police say the former acting president of Southern Vermont College took his own life after being charged with embezzlement from the school. James Beckwith, 58, was found dead in his Londonderry home Wednesday, of an apparent self-inflicted gunshot wound.
Beckwith was recently accused of stealing money from the school. Prosecutors say he embezzled $440,000 from October to January. He allegedly convinced college officials to issue three checks to settle legal claims from a failed dorm project. Prosecutors say he used more than half the money to pay down two mortgages on his Londonderry home.
Beckwith resigned from the school Feb. 3 after he was questioned about the matter.
Federal prosecutors started forfeiture proceedings against Beckwith Wednesday, and Vermont state police say Wednesday evening, Beckwith was found dead in an apparent suicide.

No comments:

Post a Comment