Bombshell Report: $100 Million in Taxpayer $$ Wasted or Stolen by Deregulated Charter Industry

Diane Ravitch's blog

A new report reveals massive waste, fraud, and corruption in the charter industry, where private corporations control public funds with minimal oversight or accountability.

“FOR IMMEDIATE RELEASE: May 5, 2014

CONTACT:

Kyle Serrette: KSerrette@populardemocracy.org, 202-304-8027
Sabrina Stevens: media@integrityineducation.org, 720-295-0238

A new report released today reveals that fraudulent charter operators in 15 states are responsible for losing, misusing or wasting over $100 million in taxpayer money.

“Charter School Vulnerabilities to Waste, Fraud And Abuse,” authored by the Center for Popular Democracy and Integrity in Education, echoes a warning from the U.S. Department of Education’s Office of the Inspector General. The report draws upon news reports, criminal complaints and more to detail how, in just 15 of the 42 states that have charter schools, charter operators have used school funds illegally to buy personal luxuries for themselves, support their other businesses, and more.

The report also includes recommendations for policymakers on how…

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