Jim Greer, former head of the Florida Republican Party, was arrested Wednesday morning at his home near Orlando.  Statewide prosecutor William Shepherd said that "a statewide grand jury indicted Greer on six felony charges: organized scheme to defraud, money laundering, and four counts of grand theft."

Shepherd said Greer developed a scheme to take money from the Republican Party. He used the money for his personal expenses.

The Associated Press has more details:

Greer funneled party money to a company called Victory Strategies that he controlled and concealed his relationship with, investigators said. On Greer's orders, the Republican Party of Florida paid Victory Strategies for campaign work, much of which was never performed. That was in addition to a 10 percent cut of major donations to the party that Greer took along with his top assistant, Delmar Johnson, Shepherd said.

Greer got about $125,000 of the almost $200,000 that the party paid Victory Strategies, the statewide prosecutor said.

Victory Strategies also received money from a fund Greer had set up for his re-election campaign as party chairman, he added.