Local News

Additional $98K Recovered In Wake School Transportation Fraud Case

Posted September 11, 2005 4:00 a.m. EDT
Updated November 18, 2006 3:25 p.m. EST

— Auctioneers recovered $98,000 more for the Wake County Public School System Saturday after selling items tied to a multi-million dollar fraud scheme.

A trailer, lawn decorations, two vehicles, golf carts, a boat, televisions and other electronics were auctioned off at Country Boys Auction & Realty in Washington, N.C.

Investigators say Carol Finch, a former school transportation employee who was arrested in July, bought the items with school system money.

Money from Saturday's auction and profits from the sale of Finch's Johnston County home will go to the school system.

Investigators say former school transportation employees and former managers from an automotive parts company, Barnes Motor & Parts, used orders for fake parts to siphon money. So far, approximately $1.5 million has been recovered.