Sunday, August 5, 2012

Former Education Executive Accused Of Excessive Spending

{Frankfort, Kentucky}...Public records show that Edward Cunningham, former chief executive of the Kentucky Higher Education Assistance Authority and the Kentucky Higher Education Student Loan Corp. in Kentucky spent $55,010 on travel and entertainment in a two-year period. Cunningham's expenses in 2010 and 2011 included $42,000 for 30 trips to other states where he often treated guests to meals that cost more than $100 per person. Attorney Diana Barber, a lawyer for the organizations, says the expenses were vetted by an internal auditor, an external auditor and the finance committee of their governing board. Cunningham retired abruptly in April. Cunningham, who had led the closely related agencies since July 2006, gave no explanation for his departure.