BURLINGTON, Vt. (AP) - The former acting president of Southern Vermont College has killed himself after being accused of embezzling $440,000 from the school.
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Vermont State Police say James Beckwith was found dead in his home Wednesday of a self-inflicted gunshot wound.
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Beckwith was accused of taking the money between October 2012 and January, depositing it into his personal account, and using $260,000 to pay down two mortgages on his South Londonderry home. He was the former chief financial officer and chief operating officer of the small liberal arts school.
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The U.S. Attorney's office said Thursday it filed a complaint alleging the home and account would be subject to forfeiture related to mail fraud and a money laundering charges.
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Beckwith resigned from the college on Feb. 3 after being questioned about the matter.
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(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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Source: http://benningtonmanchester.wnyt.com/news/news/185394-former-vt-college-president-kills-self
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