FRANKFORT, Ky. (AP) -- The former head of a small northern Kentucky school district has entered a guilty plea to embezzling more than $193,000 over an eight-year period.
William G. Rye waived his right to a grand jury appearance and entered the plea in federal court on Monday.
The 65-year-old Rye is scheduled for sentencing on April 22 in U.S. District Court in Covington. He faces up to 10 years in prison.
Investigators for state Auditor Adam Edelen uncovered financial issues in a review released earlier this year. Edelen turned the findings over to the FBI for investigation.
Edelen said in a statement Monday that the findings were "stomach-churning" because Rye "literally drained the bank account" of a school district so poor that 90 percent of students qualify for free or reduced-priced lunches.