Ex-SNHU college budget manager charged with theft
New Hampshire’s attorney general said a former budget director at Southern New Hampshire University will be sentenced on two felony counts of siphoning college funds to pay personal debts.
Officials said Raymond Prouty waived indictment and will enter pleas Feb. 25 to felony counts of theft by deception and theft by unauthorized taking.
Authorities said one scheme ran from 1998 to January 2012. The other, Attorney General Joe Foster said, ran from 2009 to 2012 and involved Prouty making payments he said were for sports officials at the college but instead depositing funds into a dummy company he created and controlled.
Officials said 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, said 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,” Ramsdell said.
Ramsdell declined to comment on the charges themselves.
Prosecutors said 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, Foster said in a statement.
In the scheme that dates to 1998, prosecutors said Prouty took control of money owned by the university, but don’t say how this scheme was carried out.