CHICAGO - The superintendent of a suburban Chicago school district has been indicted on 12 felony counts in two counties, including two counts of official misconduct and one count of theft in connection with the alleged diversion of bond proceeds to a private college.

Allen J. Klingenberg, superintendent of J. Sterling Morton High School District 201, allegedly directed Donald Kane, a principal at Kane McKenna Capital Inc., a Chicago-based underwriting firm, to transfer $4,500 from the district's working cash bond fund issue for a "confidential contribution" to Trinity Christian College in Palos Heights, Ill., according to a Cook County grand jury indictment handed down earlier this month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.