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Just when you think you have heard it all, another amazing for-profit charter scandal emerges
Imagine this: an optometrist in Michigan comes up with an insight about learning: Children learn VISUALLY. So he founds a charter school and recruits other optometrists to serve on the board. In time, he has four charters, and their scores are about average for the state.
But Michigan, as the Detroit Free Press documented last year in a week-long exposé, has almost no accountability or transparency for charters, most of which are operated for profit.
Eventually, lawyers for the school noticed that the founder was borrowing large sums from the schools and repaying them by borrowing from other schools in his chain. Somehow, hundreds of thousands of dollars of public funds were somehow left in his personal bank account or that of his wife.
His trial is set to begin next month.