Former PSU professor charged with $3 million fraud

The Department of Justice has charged a former Penn State University professor with fraud, false statements and money laundering relating to $3 million in federal research grants, the Associated Press reports. The Justice Department said in a release Tuesday that Craig Grimes, 55, of Raleigh, N.C. allegedly defrauded the National Institutes of Health between 2006 and 2011, while he was a professor of Material Science and Engineering at Penn State. Grimes allegedly used a company he owned in State College to request a $1.2 million grant from the National Institutes of Health, but never delivered on a promise to send $510,000 of that to Penn State’s Hershey Medical Center. The Justice Department said that the clinical studies and trials called for in the grant were never done…

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