Florida A&M University FCU Figures Jailed In HUD Scam

TALLAHASSEE, Fla. – The former president of Florida A&M University FCU and a University policy institute director both were sentenced to more than two years in federal prison last week and ordered to pay back $134,000 in Housing and Urban Development grant money they were found guilty of stealing.

Eugene Telfair, former credit union president, was sentenced to a 30-month prison term. Robert Nixon, the former director of Florida A&M University’s Institute on Urban Policy and Commerce, received a sentence of 27 months. Each was convicted last year on three charges of conspiracy, embezzlement and theft.

The two administrators were found guilty of stealing and covering up the theft of federal grant money given to FAMU for small business loans.

They were directed to report to prison on March 28.

 

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER