Former Uca President Lu Hardin Pleads Guilty In Federal Court

Lu Hardin – the former president of the University of Central Arkansas, a former State Senator, and one-time rising political star – has plead guilty to one count of wire fraud and money laundering in federal court.

Hardin could face up to 20 years in prison and a $250,000 fine. His sentencing will take place at a later date.

The charges stem from his tenure as UCA’s chief executive. Hardin forged a letter claiming he could receive an early financial bonus, which he’s now admitted he needed to deal with "financial distress."

David Goins with our content partner, Fox 16 News, has more from the federal courthouse in Little Rock:

"As President of UCA, Mr. Hardin was in a position of public trust. He abused that position to the detriment of the University of Central Arkansas, the State of Arkansas, and the United States of America,” U.S. attorney Chris Thyer said.

“Public office is not a blank check to self-enrichment for those in power. My office has, and will continue to, aggressively investigate and prosecute those who use their official status to receive illegal financial gain.”

Max Brantley with the Arkansas Times also has extensive coverage of the story that was first alluded to on his web site. He suggests a motive from his sources close to Hardin.