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GREENSBORO, N.C. — A former CEO of a group designed to recruit jobs to the Triad spent $41,000 on a boat and $68,000 on landscaping — using some of the $240,000 police said he took from the Piedmont Triad Partnership, arrest warrants show.

David Powell, who was charged Monday with two felony counts each of embezzlement and obtaining property by false pretense, served as chief executive officer of the regional group from 2010 until early 2015, when he abruptly left his job. He was released after posting a $100,000 cash bond.

Powell worked for the board of powerful business and community leaders, who hired him to recruit industry and to assist in assembling a megasite in Randolph County to lure an auto manufacturer.

The group no longer handles the megasite but is aggressively involved in business recruitment. Read more: Greensboro News & Record

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