Seven years ago, Hurricane Floyd washed over Eastern Carolina. Now town officials from one of the hardest hit communities are under investigation. Town officials from the Edgecombe County town of Princeville are at the center of a State Bureau of Investigation probe for how they handled FEMA disaster funds. The S.B.I. will not say the amount they are investigating or who they intend to interview as part of the investigation. Figures obtained from FEMA show the town itself received nearly $1.5 million dollars for disaster relief, while individual citizens got a staggering $26 million in assistance. In addition to FEMA funds, town officials secured about $7 million in grant money for repairs.
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