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Principal arrested for stealing $18K from Del. elementary school

Principal arrested for stealing $18K from Del. elementary school
Jacob Getty Jr. New Castle County Police

(CBS/AP) NEW CASTLE, Del. - A Delaware school principal is facing a potentially stern lesson. New Castle County elementary principal Jacob Getty, Jr. was arrested Sunday on felony theft charges, accused of stealing more than $18,000 from the PTA and school fundraisers.

Getty was arrested following an investigation of fundraising events at Eisenberg Elementary School, where the 43-year-old has been principal since 2008.

Getty is charged with four counts of theft over $1,500 and two counts of theft under $1,500. He was released on $12,000 unsecured bail.

State police said they were contacted earlier this month after Colonial School District officials suspected Getty had misappropriated funds from several school book fairs beginning in 2009. The investigation also determined that Getty had written checks to himself from the school Parent Teacher Association account for his personal use.

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