covington principal arrested after whistleblower uncovers secret slush fund tied to student activities budget.
Sources with direct knowledge of the investigation reveal the principal was taken into custody late last night. The arrest stems from a hidden financial ledger, found during an unannounced audit, that allegedly diverted thousands from ticket sales and fundraising. It gets stranger: a note in the ledger appears to reference a coded handshake and a password-protected storage locker. Authorities are not saying what else might be inside, but whispers at the district office suggest this is just the beginning—several staff members have lawyered up and gone silent.