Friday, July 31, 2020 5:46 PM EST
By RUSS BYNUM, AP
SAVANNAH, Ga. (AP) — A former member of Georgia's Board of Regents accused of swindling investors out of $23 million has agreed to settle charges in federal court. A consent agreement signed by Dean Alford in U.S. District Court says the former state official will abide by civil penalties to be imposed later by a judge. The agreement was filed in court Thursday, the same day the Securities and Exchange Commission filed a civil complaint accusing Dean of taking millions from 100 investors in Dean's energy company and routing roughly $5.7 million to his personal bank account. Dean of Conyers resigned from the board that governs Georgia's university system last year. His attorney, Walter Jospin, declined to comment Friday.