1. dailynews

Former president at University of Central Arkansas admits to money laundering

March 10, 2011
Lu Hardin pleads guilty to charges stemming from $300,000 bonus from university

From Arkansasnews.com: A former president of the University of Central Arkansas in Conway has pleaded guilty to felony charges in connection with a bonus he received. Lu Hardin pleaded guilty to one count each of wire fraud and money laundering. Prosecutors say the charges related to a scheme Hardin devised to get a 2005 $300,000 deferred compensation package paid out early.

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