• October 22, 2014

Ex-executive indicted in Texas cancer fund scandal

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Posted: Saturday, December 7, 2013 4:30 am

AUSTIN — A former top executive of Texas’ $3 billion cancer-fighting effort was indicted over an improperly awarded $11 million taxpayer-funded grant that plunged the state agency into turmoil, prosecutors said Friday.

The criminal charge is the first following a yearlong criminal investigation into the Cancer Prevention and Research Institute of Texas.

The indictment announced by the Travis County district attorney alleges that Jerald “Jerry” Cobbs secured the execution of a document by deception.

A grand jury in Austin found that Cobbs, 62, committed a first-degree felony when he submitted a funding proposal from Dallas-based Peloton Therapeutics for approval before the company’s application underwent required scrutiny, according to the indictment.

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