Yesterday, the U.S. District Court for the District of Columbia handed down a 63-month prison sentence [PDF] to Reginald A. Clark, 42, a former accountant for the Hoya Federal Credit Union, who was convicted in February for embezzling over $200,000 from the institution.

Between 2001 and 2003, Clark exploited weaknesses in the credit union’s computer systems in order to redirect the funds. Police arrested him in 2003 after an internal investigation revealed discrepancies in the credit union’s accounting records.

A federal jury found Clark guilty of charges of bank fraud, wire fraud, and making false entries in federal credit institution records. The Hon. Reggie B. Walton of the U.S. District Court sentenced Clark on Tuesday to pay back the $219,286.41 he stole, as well as serve 63 months in prison and five years under supervised release.

Hoya Federal Credit Union serves Georgetown University faculty and staff. Deposit insurance spared the bank from any losses as a result of the scheme.

h/t Georgetown Patch

At D.C. District Court this afternoon, Charles Smith (SFS ’14) and John Perrone, a freshman at the University of Richmond, were released under parental custody to their homes in Andover, Massachusetts.

Smith and Perrone will stand trial in court on January 24 for conspiracy to manufacture and possession with intent to distribute DMT, a hallucinogenic drug.

According to Washington City Paper, who spoke with the attorneys defending Smith and Perrone before the hearing, both college students are “very young kids from good families who’ve done some good things.”

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In a meeting with campus media this evening, Todd Olson, university vice president of student affairs, and Julie Green Batialle, university spokesperson, revealed more details surrounding the DMT arrests in Harbin Hall last Saturday.

“The fact is it was a day that was confusing in many ways,” Olson said.

Olson and Bataille would not comment on any impending disciplinary actions against John Romano (COL ’14) and Charles Smith (SFS ’14), the residents of the ninth-floor Harbin Hall dorm room where Public Safety officers discovered a so-called “DMT lab” early Saturday morning.

At an arraignment hearing at the D.C. District Court this afternoon, Romano was released and relieved of all charges against him. Smith and John Perrone, a freshman at the University of Richmond, will be charged with “conspiracy to manufacture” and “possession with intent to distribute” and will be held without bail until at least Wednesday.

“The students are not on campus at this time,” Olson said. “We take matters like this very seriously.”

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8:40 p.m. update: The Collegian reports that University of Richmond and Henrico County police searched Perrone’s dorm room on Saturday after learning of his arrest, but found no contraband.

6:38 p.m. update: Washington City Paper‘s Rend Smith reports that officers from the Metropolitan Police Department confiscated chemicals, dry ice, mason jars, and an envelope with $1,300 in cash from the room in Harbin. They also found some K2, a legal, synthetic marijuana.

Officers also searched the car belonging to John Perrone, the student visiting from the University of Richmond, which “yielded more evidence.”

4:30 p.m. update: TBD has published a copy of the charging documents, which we’ve re-published after the jump. According to the documents, Metropolitan Police Department’s Narcotics and Special Investigations Division and University Public Safety officers “received information that there were individuals selling drugs” from Smith and Romano’s dorm room, Harbin 926. After Romano answered the door, the officers “recieved authorization” to search the room.

While searching the room, officers found “a green plant substance, a carbon dioxide cannister, homemade smoking devices, a grinder, a jar containing a red liquid substance, and a styrofoam cooler with dry ice and several jars containing a clear liquid substance.” They also found “a suitcase that has a strong chemical odor and contained ammonia, salt, lighter fluid, rubber gloves, and a turkey baster.” Later, Smith told an officer “that he believed it to be a ‘DMT lab’.”

According to Metropolitan Police Department Officer Alvin Cardinal‘s statement, a Drug Enforcement Administration officer told him “that the combination of chemicals present in the room were in themselves potentially highly flammable and explosive, and thus highly dangerous.”

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