State Treasurer David Petersen Resigns

"Labwiroro" Petersen assured us that this would never happen. He was wrong.

Paul Davenport
Associated Press
Oct. 25, 2006 03:23 PM

State Treasurer David Petersen will resign under an agreement with prosecutors that calls for him to plead guilty to a misdemeanor charge of failing to report $4,200 in commissions he received for selling character-education materials to schools, Attorney General Terry Goddard said Wednesday.

Petersen was scheduled to appear Wednesday in Maricopa County Superior Court to be arraigned on the single misdemeanor count that culminated a months-long criminal investigation that originally centered on allegations of theft, fraud and conflict of interest.

IMHO, Petersen got off pretty light considering.