Attorneys investigating missing endowment money - WSFA.com Montgomery Alabama news.

BREAKING NEWS

Lon Morris College, Attorney General's Office looking into missing endowment money

JACKSONVILLE, TX (KLTV) -

Attorneys for Lon Morris College, along with the Texas Attorney General's Office, are investigating endowment funds that have gone missing from the bankrupt East Texas college.

The college's attorney filed a motion in court last month requesting to interview former college president Dr. Miles McCall and accountants at Acker and Co. in relation to missing funds related to an endowment.

Attorneys examined McCall this week. He resigned from the college back in May.

They are expected to interview Lynn Acker and representatives of Acker & Co. under oath about the missing funds. The college also asked for all documents related to the Long Endowment including board minutes, resolutions and e-mails.

Attorneys could not disclose more details about the investigation.

Paperwork filed in federal bankruptcy court said the attorneys are seeking information about a $1 million Long Endowment. That endowment was left from the will of LMC grad and Rusk-native Dr. James Long (1925-2009). Long graduated from Lon Morris College, went on to earn his B.S. and M.A. from Sam Houston Teachers College in Huntsville and Ph.D. in Zoology at the University of Texas at Austin.

In documents submitted to bankruptcy court in July 2012, the Long Endowment had a balance of $1,092,796.

Dr. Long's will submitted to the court states that if Lon Morris College is unable to accept the endowment or ceases to exist at any time, the money should be given to Sam Houston State University. LMC has not held classes since the Spring 2012 Semester. 

It is still not known what has come out of those sworn oral examinations or where the endowment money may be located. Attorneys say the investigation is still ongoing.


Related Stories:

Copyright 2012 KLTV. All rights reserved.

  • BREAKING NEWSLon Morris College, Attorney General's Office looking into missing endowment moneyMore>>

  • 7 Investigates

    7 Investigates

    7 Investigates

    Find all of KLTV 7's Investigations here!

    More >>

    Find all of KLTV 7's Investigations here!

    More >>
  • NewsMore>>

  • Kushner Cos. subpoenaed by feds after AP report

    Kushner Cos. subpoenaed by feds after AP report

    Thursday, April 19 2018 11:12 PM EDT2018-04-20 03:12:45 GMT
    Friday, April 20 2018 6:46 AM EDT2018-04-20 10:46:29 GMT
    The Kushner Cos. is confirming it was subpoenaed by federal prosecutors for information related to documents about its buildings in New York City. (AP Photo/Evan Vucci)The Kushner Cos. is confirming it was subpoenaed by federal prosecutors for information related to documents about its buildings in New York City. (AP Photo/Evan Vucci)
    The Kushner Cos. is confirming it was subpoenaed by federal prosecutors for information related to documents about its buildings in New York City. (AP Photo/Evan Vucci)The Kushner Cos. is confirming it was subpoenaed by federal prosecutors for information related to documents about its buildings in New York City. (AP Photo/Evan Vucci)

    The Kushner Cos. is confirming it was subpoenaed by federal prosecutors for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City.

    More >>

    The Kushner Cos. is confirming it was subpoenaed by federal prosecutors for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City.

    More >>
  • Barbara Bush believed literacy could cure other ills

    Barbara Bush believed literacy could cure other ills

    Friday, April 20 2018 1:33 AM EDT2018-04-20 05:33:17 GMT
    Friday, April 20 2018 6:46 AM EDT2018-04-20 10:46:00 GMT
    (AP Photo/Luc Novovitch, File). FILE - In this May 16, 1994 file photo, former first lady Barbara Bush reads to a group of children at the Clinton Family Inn, a shelter run by Homes for the Homeless in New York. Promoting literacy was a longtime cause ...(AP Photo/Luc Novovitch, File). FILE - In this May 16, 1994 file photo, former first lady Barbara Bush reads to a group of children at the Clinton Family Inn, a shelter run by Homes for the Homeless in New York. Promoting literacy was a longtime cause ...

    Barbara Bush came up with the idea of focusing on literacy as first lady during a jog in 1978, the year her husband considered his first run for president.

    More >>

    Barbara Bush came up with the idea of focusing on literacy as first lady during a jog in 1978, the year her husband considered his first run for president.

    More >>
  • Southwest Airlines sought more time for engine inspections

    Southwest Airlines sought more time for engine inspections

    Thursday, April 19 2018 1:02 AM EDT2018-04-19 05:02:22 GMT
    Friday, April 20 2018 6:45 AM EDT2018-04-20 10:45:58 GMT
    (NTSB via AP). National Transportation Safety Board investigators examine damage to the engine of the Southwest Airlines plane that made an emergency landing at Philadelphia International Airport in Philadelphia on Tuesday, April 17, 2018. The Southwes...(NTSB via AP). National Transportation Safety Board investigators examine damage to the engine of the Southwest Airlines plane that made an emergency landing at Philadelphia International Airport in Philadelphia on Tuesday, April 17, 2018. The Southwes...

    The Federal Aviation Administration's announcement late Wednesday comes nearly a year after the engine's manufacturer recommended the additional inspections, and a month after European regulators ordered their airlines to do the work.

    More >>

    The Federal Aviation Administration's announcement late Wednesday comes nearly a year after the engine's manufacturer recommended the additional inspections, and a month after European regulators ordered their airlines to do the work.

    More >>
Powered by Frankly