Palm Beach Atlantic President Convicted of Fraud and Money Laundering

Lu Hardin, the president of Palm Beach Atlantic University, a Christian university in Florida, may be going to jail for twenty years.  The Palm Beach Sun Sentinel reports:

Lu Hardin, who abruptly resigned Friday as Palm Beach Atlantic University‘s president, pleaded guilty Monday to wire fraud and money laundering charges in Arkansas.
Hardin, 58, faces up to 20 years in prison for a scheme to defraud $300,000 from the University of Central Arkansas, where he served as president from 2002 to 2008. His sentencing will be determined later, probably in 60 to 90 days, according to the U.S. Attorney’s Office in Arkansas, which investigated the case along with the FBI.

“Mr. Hardin was in a position of public trust. He abused that position to the detriment of the University of Central Arkansas, the State of Arkansas, and the United States of America,” said Christopher R. Thyer, a U.S. attorney in Arkansas. “Public office is not a blank check to self-enrichment for those in power.”

Palm Beach Atlantic University is searching for a replacement for Hardin, who started in July 2009. An interim president hadn’t been named Monday night, spokeswoman Becky Peeling said.

Read the rest here.