Former president at University of Central Arkansas admits to money laundering

From Arkansasnews.com: A former president of the University of Central Arkansas in Conway has pleaded guilty to felony charges in connection with a bonus he received. Lu Hardin pleaded guilty to one count each of wire fraud and money laundering. Prosecutors say the charges related to a scheme Hardin devised to get a 2005 $300,000 deferred compensation package paid out early.