Georgia Perimeter President Steps Down After Auditors Uncover $16 Million Budget Shortfall

The president of Georgia Perimeter College has been forced to step aside after state officials uncovered what they say is a staggering mismanagement of school funds.

No criminal activity is being reported for now, just gross mismanagement.

About $16 million is unaccounted for, according to Georgia’s university system chancellor Hank Huckaby.