The former executive director of a publicly financed nonprofit institute founded by the State University of New York admitted on Monday to having committed fraud, including using his corporate credit card to pay for a trip to Disney World, bringing his father along on two business trips to China, and arranging for a $95,000 pay raise to which he was not entitled, according to the Times Union of Albany, N.Y.
The official, J. Felix Strevell, led the Institute for Entrepreneurship — through which SUNY has sought public grants and private donations to expand academic research and development that could help small businesses — from 1999 until he quit, in July 2001. He pleaded guilty on Monday in U.S. District Court in Albany to one count of mail fraud, and agreed, as part of a 20-page plea, to pay the state $111,000 in restitution, according to the newspaper. He could face up to five years in prison and a fine of $250,000 when he is sentenced, in August.
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