Charter Scams

The big news is that a grand jury has indicted two Ohio men affiliated with this company, which used to manage charter schools in five Florida counties, and two of its vendor companies. The charges include fraud, racketeering, money laundering, and the theft of hundreds of thousands of dollars in public funds. You can read the whole story here—

Newpoint indicted on fraud charges related to theft, money laundering

But the main lesson seems to me to be that the reformers’ zeal for deregulating charter schools has created precisely the kind of environment scam artists like these are looking for. And now the Florida legislature is throwing even more money into the pot.