Schooling in the Ownership Society: SEC charges UNO with fraud. $37.5M from charter school 'investors"

Schooling in the Ownership Society: SEC charges UNO with fraud. $37.5M from charter school 'investors":

SEC charges UNO with fraud. $37.5M from charter school 'investors"

Once you get past all the rhetoric about "business models" and charters sharing "innovations" with traditional schools, you're left with this.

Everyone in Chicago knows that UNO is too big to jail. But that didn't stop the U.S. Securities and Exchange Commission (SEC) on Monday from filing a complaint against Juan Rangel's UNO cabal, charging the clout-heavy Chicago charter school operator defrauded investors in a $37.5 million bond offering by misleading them about conflicts of interest in giving construction contracts to companies run by relatives of an UNO official.

Only surprise here is that a charter school can even raise $37.5M from "investors." Really?

That's different, I suppose, from the $98M investment in UNO charters made by Schooling in the Ownership Society: SEC charges UNO with fraud. $37.5M from charter school 'investors":

Weekend Quotables

Maya Angelou on Race To The Top James Forman Jr.  Angelou kept coming back after that first fundraiser. For 17 years, even when her health was failing and she needed an oxygen tank nearby, she would get on the bus and log the miles from Winston-Salem, North Carolina, to D.C. There were no inaugural throngs at our events. No television cameras, no glamour. Just a few kids whom most of the world had

2 by Mike Klonsky / 6h