KNOXVILLE, Tenn. (WVLT) -- A former Vice-President with the Sevier Co. Utility Board was charged with Official Misconduct for allegedly circumventing the competitive bid process and personally profiting from a deal involving the trade-in of with a utility district motor vehicle while he held his county position in December 2009, the Tennessee Bureau of Investigation announced.

Jeffrey McCarter, 49, was indicted by a Grand Jury on Monday and booked into Sevier Co. Jail on $10,000 bond on Wednesday, officials added.

Authorities said an audit by the Comptroller's Office found McCarter had arranged to trade-in a utility district truck to McNelly-Whaley Ford for $10,000 less than what it was worth. He then personally bought the truck and traded it in t Volunteer Chevrolet for the fair market value.

The TBI was asked to open an investigation by the 4th Judicial Dist. Attorney General's office in March following the audit which had spanned 2007-2009.