- Associated Press - Thursday, February 6, 2014

CONCORD, N.H. (AP) - New Hampshire’s Attorney General says a former budget director at Southern New Hampshire State University will be sentenced on two felony counts of siphoning college funds to pay personal debts.

Officials say Raymond Prouty waived indictment and will enter pleas Feb. 25 to felony counts of theft by deception and theft by unauthorized taking.

Authorities say one scheme ran from 1998 to January 2012. The other, Foster says, ran from 2009 to 2012 and involved Prouty making payments he said were for sports officials at the college but depositing funds into a dummy company he created and controlled.

Officials say they are not disclosing the total sums taken or other details of the alleged schemes until the sentencing hearing. The total does exceed the minimum $1,500 to warrant a felony charge.

Prouty’s lawyer, Michael Ramsdell, says Prouty has cooperated with investigators.

Mr. Prouty has provided records, consented to interviews and he will be appearing in court on the 25th to answer to the complaints,” said Ramsdell.

Ramsdell declined to comment on the charges themselves.

Prosecutors say that in September 2009, Prouty created a company called Only the Best OPS and was making payments from SNHU into it, ostensibly to pay officials for SNHU sporting events. Instead, he paid off personal debts, Attorney General Joseph Foster said in a statement.

In the scheme that dates to 1998, prosecutors say Prouty took control of money owned by the university, but don’t say how this scheme was carried out.

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