Preceding his election as State Treasurer, Krolicki worked for Bankers Trust in New York City, and Smith Barney in San Francisco and Manama, Bahrain.

[2] Along his work in higher-education accessibility, Krolicki obtained upgrades from credit-rating agencies for Nevada, saving taxpayers millions of dollars in interest payments.

Krolicki also formulated and implemented many investment programs that obtained tens of millions of dollars in revenue for the state.

The charges were related to Krolicki's management of a multibillion-dollar college savings program in his previous position as Nevada's state treasurer.

Krolicki said there was no basis for the charges and called them a partisan political tactic by Democratic Attorney General Catherine Cortez Masto and U.S. Senate Majority Leader Harry Reid.

[4] A Las Vegas judge later dismissed the charges, exonerating Krolicki and his Chief of Staff Kathy Besser.