NY charter school official admits embezzling $203K - FOX 10 News | myfoxphoenix.com

NY charter school official admits embezzling $203K

Posted: Updated:

ALBANY, N.Y. (AP) - The former chief financial officer of a foundation that funds charter schools in Albany has admitted embezzling almost $203,000 from the organization.

Albany County District Attorney P. David Soares says 49-year-old Ronald Racela pleaded guilty Tuesday to second-degree grand larceny for stealing the money while working for the Brighter Choice Foundation from September 2011 until December.

He's expected to be sentenced May 17 to from five to 10 years in state prison and ordered to pay back the money.

Brighter Choice officials said they weren't aware Racela was on probation for stealing almost $54,000 from KeyBank, where he was a manager, when he was hired in June 2010.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Your MoneyMore>>

  • Beware what your 'Digital Shadow' says about you

    Beware what your 'Digital Shadow' says about you

    Wednesday, April 23 2014 11:00 PM EDT2014-04-24 03:00:19 GMT

    To promote a video game called "Watch Dogs," the game's maker has launched a website called Digital Shadow to data-mine your Facebook account. When given permission, digital shadow analyzes all the public information about you and your friends available on the social network to create a file detailing everything from your most-used words to your annual salary to your personality.

    To promote a video game called "Watch Dogs," the game's maker has launched a website called Digital Shadow to data-mine your Facebook account. When given permission, digital shadow analyzes all the public information about you and your friends available on the social network to create a file detailing everything from your most-used words to your annual salary to your personality.


  • Insurer warns of 'cybergeddon' scenario

    Insurer warns of 'cybergeddon' scenario

    Wednesday, April 23 2014 10:32 PM EDT2014-04-24 02:32:34 GMT
    Most people can't go a day without the Internet. Reasons for using it are nearly limitless: social media, shopping, work, communication, finance, everything. Securing passwords and personal information is an ongoing concern.Now a new report says it's not you who needs to step up cyber security. Instead, organizations storing information need to step up their response to cyber risks to avoid a global disaster on the scale of the 2008 financial crisis.
    Most people can't go a day without the Internet. Reasons for using it are nearly limitless: social media, shopping, work, communication, finance, everything. Securing passwords and personal information is an ongoing concern.Now a new report says it's not you who needs to step up cyber security. Instead, organizations storing information need to step up their response to cyber risks to avoid a global disaster on the scale of the 2008 financial crisis.
  • Cough syrup popular in celebrities' 'sizzurp' cocktails pulled from market

    Cough syrup popular in celebrities' 'sizzurp' cocktails pulled from market

    Wednesday, April 23 2014 10:14 PM EDT2014-04-24 02:14:22 GMT
    A prescription cough syrup that some celebrities like to mix with soda and hard candy is being pulled from the market, TMZ reported and confirmed by pharmaceutical company Actavis. The cough syrup-soda concoction is often called "sizzurp." Lil Wayne sings about "Me and my drink." Bieber reportedly loves it. Soulja Boy recently posted a photo of several bottles of the Actavis-branded syrup on his Instagram account.
    A prescription cough syrup that some celebrities like to mix with soda and hard candy is being pulled from the market, TMZ reported and confirmed by pharmaceutical company Actavis. The cough syrup-soda concoction is often called "sizzurp." Lil Wayne sings about "Me and my drink." Bieber reportedly loves it. Soulja Boy recently posted a photo of several bottles of the Actavis-branded syrup on his Instagram account.
Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices