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Lu Hardin, the former president of the University of Central Arkansas, on Monday pleaded guilty to federal wire fraud and money laundering charges, the Associated Press reported. Hardin admitted to forging a letter to the university's board saying that it could approve a $300,000 deferred compensation package for him, a benefit that later was criticized by many as inappropriate. The letter Hardin wrote was submitted in the name of a university vice president and general counsel, both of whom were not involved in the letter. Hardin quit Central Arkansas in 2008 as the controversy over the compensation package grew, and then became president of Palm Beach Atlantic University. He quit that position on Friday.
