A hearing is due to take place at Sheffield Crown Court on March 31 into the case of alleged fraud against Progress Training, a subsidiary of Barnsley College Holdings, which was set up as a charity.
Stuart Spacey, 68, a former lecturer at the college, also charged with conspiracy to defraud, appeared at a hearing at the court on Wednesday.
Eade left his post as principal in 2001 and Spacey had been a lecturer until 1992.
They had been under investigation by the Serious Fraud Office and South Yorkshire Police since 2001.
The preliminary hearing was due to last three days.
Photograph by LORNE CAMPBELLGUZELIAN