Former Blacksburg HS Athletic Foundation Treasurer Indicted
Blacksburg, VA - A former treasurer of the Blacksburg High School Athletic Foundation has been indicted by a federal grand jury for allegedly stealing more than $300,000 from the organization.
Ricky Hayter faces 10 counts of wire fraud. In the indictments unsealed this week, Hayter is accused of funneling much of the money into an Ameritrade account, most of which was lost.
The money was supposed to be used by the Blacksburg High School athletics department for projects like a new field house.