Ex-Arkansas College Prez Cops To Wire Fraud Scheme

Law360, New York (March 7, 2011, 6:34 PM EST) -- An attorney and former president of the University of Central Arkansas pled guilty in an Arkansas federal court Monday to posing as other university executives in letters to the school's board of trustees in order to illegally get his hands on a deferred $300,000 bonus.

Lu Hardin copped to one count of wire fraud and one count of money laundering pursuant to a plea deal he entered with prosecutors in the U.S. District Court for the Eastern District of Arkansas.

Each charge carries up to $250,000...
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