LITTLE ROCK, AR-- New information on the financial fallout plaguing the University of Arkansas. Former university fundraising division leaders Brad Choate and John Diamond gave their side of the story to lawmakers during a hearing in Little Rock Tuesday. They met to address overspending in the fundraising department. The investigation started in September after a $4.2 million deficit was uncovered. In the end, Washington County Deputy Prosecutor David Bercaw said the university used "proper fiscal oversight" and that the deficit was a result of a "breakdown of internal control within the advancement division." Choate was fired following the investigation but maintained his innocence on Tuesday in front of lawmakers.
"At least one in the media says this legislative meeting is quote less fact finding and more posterior protecting, end quote," said Choate.
"I intend to simply tell the truth about what I know. Ladies and gentlemen, I do not lie, I do not cheat, and I do not steal. Nobody, not even my biggest critics here today, would accuse me of that." After a five hour session Tuesday, legislators made no formal decision about what they might do next. We'll keep you posted on any developments.
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