Menu

Former Penn State professor gets 41 months in federal prison for $3 million research fraud

A former Penn State University professor has been sentenced to 41 months in federal prison for more than $3 million in federal research grant fraud.

Prosecutors said 55-year-old Craig Grimes of Raleigh, N.C., defrauded the National Institutes of Health between 2006 and 2011 while a Penn State professor of material sciences and engineering.

Authorities say his State College company got a $1.2 million grant, but funds weren't sent to Hershey Medical Center as promised and clinical studies and trials weren't done. Authorities say Grimes also made false statements to get a $1.9 million solar energy grant.

Grimes told the judge who sentenced him Friday that he was zealous in wanting to help the world.

Assistant U.S. Attorney Joseph Terz said Grimes "is not a mad scientist. He's a dishonest scientist."

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 4.29% dw 4.30%  
15 Y Fixed Graph 3.23% dw 3.29%  
30 Y Fixed Jumbo Graph 4.67% up 4.58%  
5/1 ARM Graph 3.33% dw 3.45%  
5/1 Jumbo ARM Graph 3.62% up 3.52%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.38% -- 4.38%  
$50K HELOC Graph 4.11% -- 4.11%  
$30K Loan Graph 4.98% dw 4.99%  
$50K Loan Graph 4.39% dw 4.40%  
$75K Loan Graph 4.39% dw 4.40%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.89% dw 2.91%  
36 M Used Graph 3.40% dw 3.43%  
48 M New Graph 3.15% dw 3.19%  
48 M Used Graph 2.90% dw 2.97%  
60 M New Graph 3.16% dw 3.22%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.35% up 0.34%  
1 yr Graph 0.67% dw 0.68%  
5 yr Graph 1.38% -- 1.38%