Charleston, W.V. (AP) -- The former President and Chief Executive of a Parkersburg Company Created to provide broadband internet service to rural areas is accused of misappropriating millions of dollars.
Heidi C. Laughery was indicted Wednesday on federal charges of mail fraud, theft from an organization receiving federal funds, money laundering conspiracy and engaging in an illegal money transaction.
Laughery is accused of conspiring with others to embezzle from Sequelle Communications Alliance, which she ran from September 2001 to March 2005.
The alleged scheme involved grant and loan money from the U.S. Department of Agriculture, Mid-Ohio Valley Regional Council, United Bank and the states of West Virginia and Ohio.
A phone listing for Laughery could not be found. Federal authorities said they do not know her location.
(Copyright 2008 by The Associated Press. All rights reserved.)
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