Former Peru State College president accused of pocketing profits

The Nebraska state auditor says a former president of Peru State College siphoned college bookstore profits to pay personal expenses between 2005 and 2008. State Auditor Mike Foley released the results of an audit of Ben Johnson's spending on Monday.

Foley says Johnson committed suicide last month in Ellenton, Fla., a suburb south of Tampa and St. Petersburg. Foley says Johnson took $43,000 in bookstore profits that were held in a checking account for which he was a signer.

The auditor says he didn't know what action, if any, Peru State could take to recover the money. Foley says he released the audit report after the attorney general's office looked into the matter and closed the case upon Johnson's death.