Feds to investigate Lafayette County finances - KATV - Breaking News, Weather and Razorback Sports

Feds to investigate Lafayette County finances

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LEWISVILLE (AP) - Federal prosecutors are investigating after a state audit found more than $160,000 missing from the Lafayette County tax collector's bank account.

Special Prosecutor Ian Vickery said Tuesday that he's handing the case over to the FBI and U.S. Attorney Conner Eldridge. Vickery tells the Texarkana Gazette that federal investigators are handling the case because "penalties are more significant" than under state law.

Vickery says the U.S. attorney's office will likely present the investigation to a grand jury in July or August.

The state audit found that $162,275 was not deposited in the tax collector's bank accounts from Jan. 1, 2011, to Sept. 20, 2012.

Sheriff Victor Rose, who's married to County Treasurer Keesha Rose, says he and his wife are cooperating with investigators.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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