- Associated Press - Thursday, December 17, 2015

PRESTONSBURG, Ky. (AP) - A state audit found wasteful spending and questionable activity by two former Prestonsburg officials.

The audit, released Wednesday, didn’t name the officials, but local media report the findings referred to former Mayor Jerry Fannin and former Comptroller Yvette Latta.

Auditors found Fannin had a conflict of interest related to a real estate deal he was involved personally and professionally. Auditor Adam Edelen says it appears the former mayor pocketed $97,000 in grant money from the deal.

Auditors also say Fannin contributed at least $7,800 in city funds to an arena football team he belonged to.

Auditors say Latta was running a tax preparation business on city time with software purchased using city funds.

The audit findings were turned over to the Kentucky State Police, the attorney general and local ethics board.

Fannin denies any wrongdoing.

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