WALL TOWNSHIP - In a story first reported by News 12 New Jersey, a grand jury has indicted former Wall Township Superintendent of Schools James Habel.

News 12 New Jersey's Karla Bardinas reports that Habel faces several charges including official misconduct, theft by deception, money laundering, tampering with records, and mortgage fraud. He's accused of collection thousands of dollars that he did not deserve from the Wall Township School District.

Acting Monmouth County Prosecutor Christopher Gramiccioni says if the allegations prove true, "He essentially fleeced the system and the district, where he was employed, of about $350,000."

As first reported by News 12 New Jersey back in September, the 56-year-old's waterfront home in Point Pleasant, which he has since sold, was raided by authorities.

Habel, who now lives in Florida full time, is expected to come back to New Jersey to turn himself in. He faces 15 to 20 years in prison if convicted on all charges.