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A prominent Midlands, South Carolina “economic development” official is about to be busted by the S.C. State Law Enforcement Division (SLED), sources tell FITS.

According to multiple law enforcement sources, the official – 36-year-old Wayne Gregory of the City of Columbia – was caught writing checks to fake vendors and spending money on pre-paid credit cards.

How much coin are we talking about?

“As much as $200,000,” our source said.

Yikes …

Gregory was hired last September by the city after doing “economic development” work in Georgetown County.

“Columbia is such a great city with abundant potential,” Gregory said in a statement on his hiring. “I cannot wait to get started in helping the city of Columbia move forward in creating jobs.”

Uh-huh …

UPDATE: WLTX TV 19 (CBS – Columbia, S.C.)  is confirming Gregory’s arrest.