Austin, Texas, school district CFO resigns ahead of arrest
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Austin Independent School District Chief Financial Officer Eduardo Ramos resigned July 23, eight days before his arrest on an insurance fraud charge unrelated to the school system, according to the district and law enforcement in Texas.
The Travis County Sheriff’s Office confirmed Ramos was booked July 31 on a felony charge for an alleged crime committed outside of the county and was released on a surety bond the following day.
Rich Saskal
The district said it is aware of the charge “regarding Ramos’ personal affairs,” adding, the arrest does not involve any alleged criminal activity related to his work for the school system, according to an emailed statement to The Bond Buyer.
The statement also noted the district’s finances are subject to external and internal auditing.
“We are engaging with our board to develop a plan to perform any further reviews deemed appropriate,” it said.
The district announced Friday that Ramos
In a
His departure comes as Austin ISD, which serves 72,830 students, faces
Ramos was a key figure in debt sales by the district, which
Ramos had an extensive career in public school finance in Texas before