Thursday, April 20, 2017

Schooling in the Ownership Society: Billionaire hedge-fund fraud and charter school patron gave $1M to Trump inaug

Schooling in the Ownership Society: Billionaire hedge-fund fraud and charter school patron gave $1M to Trump inaug:

Billionaire hedge-fund fraud and charter school patron gave $1M to Trump inaug

Steven Cohen, chairman and CEO of Point72 Asset Management, big Trump donor.


 Scandal-ridden billionaire hedge-funder and charter-school bank-roller Steven A. Cohen is back in the news again. Turns out Cohen was among the million-dollar donors to the Trump inauguration, according to a federal filing. He wasn't the biggest donor. That honor belongs to right-wing creep Sheldon Adelson.


While he has been a big contributor to conservative super PACs like Chris Christie's America Leads, Cohen has also been a big backer of Dem. candidates, including Connecticut Gov. Malloy.

Cohen is not in jail. But he should be. Federal prosecutors in New York decided against criminally charging Cohen for fraud. Instead, they charged his investment firm (remember, corporations are people now) SAC Capital. SAC Capital pled guilty and paid a total of $1.8 billion in fines.

Cohen is one of the major underwriters of privately-run charter schools. The couple's Steven and Alexandra Cohen Foundation is a top donor to the Connecticut Coalition for Achievement Now (ConnCAN), Achievement First, Families for Excellent Schools.

He has also given $40 million to support his six charter schools operating in the Bronx. The Cohen's are sponsors of the Amistad Academy in New Haven, which is described here as, "a charter school serving minority students...using chants, rewards, and consequences."

I'm not sure what it is about hedge-funders like Boykin Curry of Eagle Capital, 
Schooling in the Ownership Society: Billionaire hedge-fund fraud and charter school patron gave $1M to Trump inaug:

Latest News and Comment from Education

LATEST NEWS AND COMMENT FROM EDUCATION

LATEST NEWS AND COMMENT FROM EDUCATION
EduBloggers