Efforts to contact Alford were unsuccessful Tuesday.
“Acts of fraud and corruption have no place in Georgia’s state government,” Deputy Attorney General for the Prosecution Division John Fowler said in a statement. “Those who are trusted to be public servants must discharge their duties ethically and honestly, and when they do not, this office and our law enforcement partners will hold them accountable.”
Alford was a member of the Regents, a 19-member board appointed by the governor, to oversee operations at the University System of Georgia. Alford resigned from the board in October 2019 when several law enforcement agencies began an investigation into the allegations.
Alford last month was ordered by a federal judge to pay nearly $10.8 million after about 100 investors filed a civil lawsuit saying he ran a Ponzi scheme that defrauded them.