- Three former Georgia Tech researchers, who worked on projects funded by the US Department of Defense and other intelligence agencies, are to be sentenced after pleading guilty to defrauding the university and the CIA. The men spent approximately $200,000 on personal expenses using a Georgia Tech credit card that was supposed to be used for official business, including purchases of vehicles, electronics, and materials used to perform private consulting contracts.
- Maloney and Fraley also used the card to pay for remodeling and maintenance expenses on six rental properties they owned as part of a corporation called J’s Services, Inc. Some of those expenses were charged to a classified contract funded by the CIA.
- In 2013, Georgia Tech detected some suspicious activity on Fraley’s card and asked for a meeting with him. Before that meeting, Maloney suggested to Acree and Fraley that they meet to “get their story straight.” Fearing Maloney would shift the blame to him, Fraley secretly recorded the cover-up meeting and gave it to the FBI. The men are now facing sentencing for their actions.
Atlanta, GA – WSB-TV Channel 2 has obtained exclusive information regarding the misuse of school funds by former Georgia Tech researchers. The investigators in question have admitted to purchasing 4-wheelers, TVs, and other items using the school’s funds for personal use.
According to the report, the Georgia Tech researchers were using a system that provided them with funds to purchase necessary equipment for their research. Instead, the researchers allegedly used the funds to buy luxury goods, including expensive electronics and recreational vehicles.
After an extensive investigation, the researchers involved in the scandal have come forward to admit their wrongdoing. The researchers have since been fired from their positions at the school and have faced extensive legal action.
The president of Georgia Tech has issued a statement condemning the actions of the researchers, stating that the school “will not tolerate any misuse of funds.” The school has also vowed to take steps to ensure that similar incidents do not occur in the future.
This case serves as a reminder that transparency and proper financial management are essential for any organization, especially in the education sector. It is essential that schools and academic institutions are held accountable for their financial management to ensure that taxpayer dollars are being used appropriately.