On April 27, 2021, founder and former superintendent of Democracy Prep charter schools, Seth Andrew, was arrested for stealing $218K from school bank accounts. From the US Attorney’s Office press release (Southern District of New York):
Audrey Strauss, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of a complaint charging SETH ANDREW with wire fraud, money laundering, and making false statements to a financial institution, in connection with a scheme in which ANDREW stole $218,005 from a charter school network that he founded. ANDREW was arrested this morning in New York, New York, and will be presented today before U.S. Magistrate Judge Gabriel W. Gorenstein.
Manhattan U.S. Attorney Audrey Strauss said: “As alleged, Seth Andrew abused his position as a founder of a charter school network to steal from the very same schools he helped create. Andrew is not only alleged to have stolen the schools’ money but also to have used the stolen funds to obtain a savings on a mortgage for a multimillion-dollar Manhattan apartment. CONTINUE READING:
Democracy Prep Enabled Its Founder to Rip It Off. | deutsch29: Mercedes Schneider's Blog