EagleTribune.com, North Andover, MA

New Hampshire

February 26, 2014

Former SNHU budget chief heads to prison

CONCORD (AP) — The former budget director of Southern New Hampshire University has been sentenced to 7 ½ to 15 years in prison for stealing $1.1 million from the school over the course of 14 years.

WMUR-TV reports that Raymond Prouty pleaded guilty yesterday to felony theft charges. He did not elaborate, but prosecutors say one of his schemes involved steering money he said was for sports officials into a dummy company he created and controlled.

The allegations span from 1998 into 2012, and were uncovered after authorities noticed an unauthorized scholarship for Prouty’s niece and took a closer look at financial records.

Prosecutors say Prouty, who worked at the school for 34 years, told investigators there was no specific reason for the thefts and that he used the money to pay bills.

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