Florida A&M U FCU President Guilty Of Stealing HUD Grants

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TALLAHASSEE, Fla. – The former president of Florida A&M University FCU and a former program director at the University were convicted by a federal jury Friday of embezzling $134,000 of U.S. Department of Housing and Urban Development funds administered by the credit union.

Ex-FAMU FCU President Eugene Telfair and Robert Nixon, the director of Florida A&M University's Institute on Urban Policy and Commerce, were each convicted on three charges of conspiracy, embezzlement and theft.

During the four-days trial prosecutors led jurors through an array of documents and contracts intended to show how Telfair and Nixon created a paperwork trail to steal the grant money and cover up the theft. The prosecutors told jurors that the two men conspired to siphon funds into their own accounts from the more than $325,000 of HUD grants the credit union was administering.

The two men are scheduled to be sentenced on Jan. 27.

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