Grand jury: No indictment for ex-FSCJ president

Published On: May 29 2014 05:36:49 PM EDT
Updated On: May 29 2014 07:00:56 PM EDT

VIDEO: A grand jury did not find enough evidence to hand down criminal indictments against Steve Wallace.

JACKSONVILLE, Fla. -

This final report of the Duval County grand jury filed a month ago says there just isn't anything to prove the ousted president of Florida State College at Jacksonville, Dr. Steven Wallace, broke the law.

Wallace resigned under fire last summer amid several investigations, allegations of favoritism, overspending and critical state audits.

The grand jury looked into allegations of overspending and the possibility of excessive payout on unused leave by the Wallace.

Wallace led the college 16 years. When he left it claimed he was owed $224,000 in unclaimed leave

In its presentment, the grand jury wrote: "This body does not find that a provable fraud or theft could be established."

And while the panel found nothing that rose to the level of criminal wrongdoing, "tThe taxpayers have been the true victim of this Incident."

DOCUMENT: Grand jury presentment

Asked to respond, FSCJ spokesperson Jill Johnson said, "The grand jury report was a matter between Mr. Wallace and the state of Florida. FSCJ continues to put our students first, and be a good steward of public dollars."

The report also makes some recommendations for the future, including tougher accounting measures, time sheet reform and more specific employment contracts.

Last year the board of trustees asked Wallace to repay more than have the pay he received for unpaid leave.

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