Schooling in the Ownership Society: Short-selling hedge-fund billionaire throws millions more at Moskowitz charters

Schooling in the Ownership Society: Short-selling hedge-fund billionaire throws millions more at Moskowitz charters:

Short-selling hedge-fund billionaire throws millions more at Moskowitz charters

Charter hustler Moskowitz & her billionaire hedge-funder Paulson

Clout-heavy Eva Moskowitz runs N.Y.'s Success Academy which is already one of the richest charter school networks in the city. Tax documents show the non-profit took in a whopping $34.6 million for the financial year ending June 2013.



Now John Paulson, the infamous scam-artist, hedge-fund billionaire from Queens, is throwing $8.5 million more her way. Moskowitz pays herself more than an half-million a year to run her network of charters.



Paulson's connection with privatization of public schools began with the notoriousBoston Consulting Group in 1980. But he made his real fortune during the global financial collapse (which he helped cause, according to these economists), by betting against subprime mortgages using derivatives. His shady deals, including involvement in the Abacus scandal resulted in Goldman Sachs paying a $550 million penalty, the largest ever paid by a Wall Street firm.



This from Deep Capture:

It is not clear which banks ultimately participated in Paulson’s scam, Schooling in the Ownership Society: Short-selling hedge-fund billionaire throws millions more at Moskowitz charters: