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Scottsdale schools ex-CFO could’ve used a 20% raise, too

Posted by on | May 15, 2018 | No Comments

Laura Smith indicted on 11 felony charges of fraud, conflicts of interest

It looks like there’s big trouble in the future for Laura Smith, Scottsdale Unified School District’s former chief financial officer. She faces 11 felony charges — two involving fraud and nine stemming from conflicts of interest — tied to a consulting company she previously co-owned and ran, according to the Arizona Attorney General’s Office.

A grand jury indicted Laura Smith on May 8. She is accused of facilitating the district’s employment of Professional Group Public Consulting, a Mesa-based company according to Maricopa County Superior Court documents.

Smith co-owned the consulting firm when she was hired as the district’s CFO in early 2017. Her sister, Caroline Brackley, then took over running the company. Smith failed to disclose the relationship and resigned in January after having been put on administrative leave due to an ongoing conflict of interest investigation.

In its well researched report, The Arizona Daily Independent cites the fact that Laura Smith was a member of the Arizona Association of School Business Officials whose Code of Ethics states, in part, that members should, “Avoid conflict of interest situations by not conducting business with a company or firm in which the official or any member of the official’s family has a vested interest.”

Read the 11 count indictment issued by the AZ Attorney General’s Office charging Smith.

With her yen for appropriated cash and Gov. Doug Ducey’s ability to magically produce $ millions out of thin air “without raising taxes,“ it seems there could have been a better deal in the works for this beleaguered school deceiver.

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