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."
Off-duty state trooper extinguishes house fire
An off-duty Indiana State Trooper in Wayne County saved a home from going up in flames on Saturday.
Dozens gather at service for slain aid worker
Dozens of people gathered Saturday night to honor an Indiana aid worker executed by Islamic State militants.
Friends, family mourn teens killed Thursday
Church members came together in remembrance Saturday for two young men killed this week on the northeast side.
Indy Star: 'We erred' in publishing cartoon
The Indianapolis Star pulled an editorial cartoon this week after an influx of readers deeming it "racially insensitive."
Johnson Co. sheriff investigating child's death
Johnson County authorities were investigating the death of an 11-year-old boy in Greenwood on Saturday.
IPS holds first-ever district-wide showcase
IPS leaders held the first-ever district-wide showcase this weekend in an attempt to lure back students who have left.