MUNCIE, Ind. - A man convicted of bilking Ball State University out of $8 million in a fraudulent investment scheme has been sentenced to four years in a prison.
Thirty-eight-year-old Seth Beoku Betts was sentenced Thursday in U.S. District Court in New York City. He was arrested in June 2013 in North Carolina on a wire fraud charge stemming from a scheme prosecutors say Betts used to misappropriate more than $8 million from Ball State.
The Star Press reports Betts persuaded a Ball State investments director to invest millions in the mortgage market, but instead spent the money on luxury cars, a house in Florida and other personal indulgences.
Ball State President Jo Ann Gora says the Muncie school isn't "the first university to have been victimized by unscrupulous firms."
Missing boy safe, back home
Indianapolis police are looking for a missing 7-year-old boy who was last seen about 2 p.m. Sunday.
Hog wrestling draws critics at county fairs
Hog wrestling – for some, it's a county fair tradition; others call it inhumane and cruel.
Signs urge drivers: 'Slow down, save a life'
A grieving family worked Sunday to turn a tragic loss into an opportunity for something good.
Back to School Rally preps kids for class
Indianapolis Public Schools students will head back for their first day of classes Monday, and one southwest side community wanted to make…
Kraft recalls some 3-lb, 4-lb cheese singles pkg
The recall is happening due to the possibility of a thin strip of the packaging plastic remaining on the cheese after the wrapper is removed.