Former TCU program official gets 5 years for $210K theft
FORT WORTH, Texas (AP) — A former Texas Christian University employee must serve five years in prison for embezzling at least $210,000 from a federal program that helps low-income students prepare for college.
Faust, for 18 years, was assistant director of TCU’s Upward Bound program. Prosecutors say Faust routinely pocketed some of the monthly $5,000 — in cash — provided by TCU from Department of Education funds.
Authorities say Faust required cash for a program she set up meant to provide $7 stipends, per student, for approximate bus fare costs.
Prosecutors say Faust instead took the money. Investigators say she’s repaid $210,000 but possibly stole more.