Former state Rep. Stephen LaRoque was convicted today on a dozen charges related to the theft of funds from a federally-funded rural business lending program he ran for more than a decade in the eastern part of the state.
LaRoque, 49, a Kinston Republican, was convicted by a federal jury of
four counts of stealing from the federal program four counts of laundering the theft through financial transaction, two counts of concealing the theft and two counts of filing false statement on tax forms.
LaRoque showed little emotion upon hearing the guilty verdicts, according to WNCT reporter Katie Banks, who was in the courtroom.
His sentencing will be in September, and he was released on bond until then. He faces a maximum punishment of more than 90 years in prison, along with significant fines.
LaRoque, a co-chair of the powerful House Rules Committee, had been in the N.C. House of Representatives until his July 2012 indictment, when he resigned.