A former Floyd County School System employee reportedly has close to a million dollars in assets; that, according to a document filed by a Temporary Receiver.

The state began seizing property belonging to Derry Richardson on April 14th, and the first monthly report of the receivership estate was filed April 30th.

A summary of the assets seized includes real estate, financial accounts, stocks and bonds, vehicles, liabilities and other miscellaneous property, all totaling $935,293.40.

Richardson’s property is being seized under Georgia’s RICO Statute.

It alleges that Richardson and others engaged in and committed at least two or more acts of racketeering activity in violating state law relating to theft against the school system.

According to the complaint the amount of those thefts exceeded $600,000.

(WRGA/www.wrgarome.com)