American Commercial College President Doyle Sheets Pleads Guilty In Court Case
An investigation by the US Department of Education into the alleged illegal activities of a Lubbock-based institute of higher education has netted a conviction.
American Commercial College president Doyle “Brent” Sheets pleaded guilty in a Lubbock court on Thursday, May 22nd, to one count of misprision of a felony.
During his tenure as president of American Commercial College, ACC stole government funds by illegally acquiring FSA funds.
Sheets faces a maximum sentence of three years in prison and a $250,000 fine.
Two other ACC executives have been charged in the case. They are 61 year-old Michael James Otto of Lubbock and 64 year-old Bruce Alan Reed of San Angelo.
American Commercial College once operated six separate campuses in Texas and Louisiana.