Ex-city official accused of stealing funds gets probation
RALEIGH, N.C. (AP) — A former Raleigh assistant city manager accused of stealing thousands of dollars from a business incubator that was funded by the city has entered an Alford plea.
The News & Observer reported Thursday that Lawrence Wray in October entered the plea, which acknowledges that prosecutors have enough evidence to secure a conviction without admitting guilt. He was placed on “conditional discharge,” which is equivalent to 12 months’ unsupervised probation and has paid $12,100 in restitution.
His embezzlement charge stems from his time as the board chairman of the Raleigh Business and Technology Center, which offered support to small businesses. According to the indictment, he negotiated a $25,000 loan that he deposited in his own account. The incubator then paid back the loan, which, with interest, reached $48,000.
Information from: The News & Observer, http://www.newsobserver.com