TASB Comp Chief Pleads Guilty to Stealing more than $500,000

The former director of workers' compensation claims administration for the Texas Association of School Boards pleaded guilty on Wednesday to stealing $514,000 from the association's Risk Management Fund by using a company he set up to submit fictitious medical implant claims.U.S. Attorney Robert Pittman said Herman G. Wilks pleaded guilty to 10 counts of mail fraud in connection with the theft of money from the association's risk pool in a scheme he operated between April 2008 and March 13. Wilks funneled payments from the pool through Medco Implantable Supply, a fake company he es...