Ex-prosecutor to check Ball State investment fraud
The Associated Press
1:21 PM, Jul 11, 2014
MUNCIE, Ind. -
A former federal prosecutor is being hired by Ball State University to review the handling of fraudulent investments that cost the school $13.1 million.
Ball State Board of Trustees chairman Rick Hall says Indianapolis attorney Deborah Daniels will scrutinize what happened with the investments and recommend any actions the university should take to prevent future problems. Daniels is a former U.S. attorney for the southern district of Indiana.
Hall tells The Star Press that goals of the review include prosecution of all guilty parties and recovery of the lost money.
University officials say a Ball State employee mischaracterized to her supervisors one of the investment and was fired in 2008. Two out-of-state men have already been sentenced to prison for their roles in the schemes.