Former Execs Plead Guilty in SEDC Scandal - NBC 7 San Diego

Former Execs Plead Guilty in SEDC Scandal

Two former top San Diego redevelopment officials plead guilty



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    NBC San Diego
    Dante Dayacap and Carolyn Smith at an earlier court appearance.

    Two top officials of a city redevelopment agency could be facing jail time after pleading guilty to embezzling public funds, according to our media partners at

    Carolyn Smith and Dante Dayacap were accused of paying themselves and other Southeastern Economic Development Corp. (SEDC) employees more than $800,000 in illegal bonuses during a five-year period.

    SEDC oversees taxpayer-sponsored development in San Diego's southeastern neighborhoods. Smith is the former president, Dayacap the former financial director.

    The case was filed by the California Attorney General's office in May.

    Ex-SEDC Chief Charged With Embezzlement

    [DGO] Ex-SEDC Chief Charged With Embezzlement
    Two former top redevelopment officials could be facing some serious prison time, according to the
    (Published Tuesday, May 3, 2011)

    On Tuesday, Smith and Dayacap pleaded guilty to one count of embezzling public funds, according to The remaining four counts against them were reportedly dismissed.

    Both defendants had previously denied any wrong doing. 

    Prosecutors are asking for a year in prison for each defendant and a combined restitution of $700,000.

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    Outside auditors found that under the longtime direction of its former president, Carolyn Smith, SEDC had become a virtual slush fund for secret staff bonuses, perks and frills.
    (Published Friday, Feb. 6, 2009)

    Smith and Dayacap will be sentenced Jan. 20.