North Carolina headmaster pleads guilty to embezzling $9M

AP News
Posted: Jul 28, 2016 3:41 PM

CHARLOTTE, N.C. (AP) — The former headmaster at a private school in suburban Charlotte has pleaded guilty to stealing more than $9 million and will have to repay the money he used for a million-dollar lake house, seats at Carolina Panthers games and luxury vehicles.

Wayne Parker Jr. pleaded guilty Thursday to wire fraud and will forfeit $9.4 million. The 59-year-old is the former headmaster of Southlake Christian Academy in Huntersville.

The Charlotte Observer reports ( that under a plea agreement, federal prosecutors want Parker to spend between seven and nine years in prison.

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Federal officials say Parker stole money that parents donated to the school in memory of their dead child and forced employees to take a 5 percent pay cut to pay for building a 7,000-square-foot lake house.


Information from: The Charlotte Observer,