Columbus – Auditor of State Dave Yost issues the following statement regarding the sentencing today in U.S. District Court of former community school treasurer Carl W. Shye, Jr.:
“Apart from the obvious exception of violence, there is no worse crime than what Carl Shye did: He abused a position of trust,” Auditor Yost said. “His actions not only took resources away from the students in the schools where he took advantage, he damaged a great program in the minds of Ohio parents and taxpayers alike.”
In June 2012, Shye pled guilty to one count of embezzlement from a program receiving federal funds. Shye admitted stealing $472,579.90 in federal funds between 2005 and 2011 while serving as treasurer for four community schools in Ohio.
The Auditor of State’s office, one of five independently elected statewide offices in Ohio, is responsible for auditing more than 5,600 state and local government agencies. Under the direction of Auditor Dave Yost, the office also provides financial services to local governments, investigates and prevents fraud in public agencies and promotes transparency in government.