Federal prosecutors finished calling witnesses Monday to testify in the trial against Stephen LaRoque, a former Kinston state representative accused of stealing from two economic development charities he ran.
LaRoque could testify as early as tomorrow, as his defense attorneys begin to make their case.
The 49-year-old Republican that was a co-chair of the powerful House Rules Committee could face more than 90 years in prison if convicted of the dozen criminal charges he faces. Federal prosecutors believe LaRoque used the federally-funded East Carolina Development Company and Piedmont Development Company to buy cars, a rental home, expensive jewelry, replica Faberge eggs and a Greenville ice skating rink. The non-profits had received more than $8 million in funding from a anti-poverty rural lending program run by the U.S. Department of Agriculture, where LaRoque’s non-profits were supposed to be lending out money to needy businesses in rural areas of the state.
LaRoque has plead not guilty to the charges and will likely testify in his own defense today or tomorrow. His attorneys, Joe Cheshire and Elliot Abrams, have argued that LaRoque was owed the $300,000 that prosecutors contend was stolen, and that the USDA had confusing rules about how to handle the publicly-sourced money. Two public accountants LaRoque used have also testified that they felt the state lawmaker had left money owed from his lucrative contract in the non-profit’s bank accounts.
“Basically, you can’t steal your own money,” Abrams said in court Monday. Read More…