Monday, June 2, 2014

D.C. officials allege improper diversion of charter funds - The Washington Post

D.C. officials allege improper diversion of charter funds - The Washington Post:



D.C. officials allege improper diversion of charter funds




Kent Amos, founder of one of the oldest and largest D.C. charter school networks, allegedly funneled millions of school dollars to a for-profit management company he owns, according to a complaint filed Monday by D.C. Attorney General Irvin B. Nathan.
Amos founded Community Academy Public Charter School as a nonprofit in 1998. About six years later, Amos founded a for-profit management company that received fees for services that “could have been performed, and in many cases was actually performed, by direct employees of the school,” according to the complaint.
 Amos and Community Academy officials did not immediately return phone calls seeking comment Monday afternoon.

Amos’s company — Community Action Partners and Charter School Management LLC — has received $13 million in school funds since 2004, including $4.4 million in 2011-12 and 2012-13, according to the complaint.
District officials argue that Amos violated nonprofit law, and the city is seeking to impose a constructive trust over all money that was “improperly distributed.” The D.C. officials allege improper diversion of charter funds - The Washington Post: