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Old 08-26-2013, 04:36 AM
 
Location: Pennsylvania
5,414 posts, read 9,569,397 times
Reputation: 8577

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. . . it's not the teachers ripping off the taxpayers.

The short version - "The founder of Pennsylvania's largest cyber charter school was arrested by federal authorities for allegedly funneling millions through front companies into his personal bank account."

Leaves me wondering how the state happened to miss this huge misappropriation of funding for so long, and how many other situations there are in other states where the same thing is happening.

Fed, state probes target largest charter schools
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Old 08-26-2013, 06:02 AM
 
Location: southwestern PA
20,426 posts, read 35,767,044 times
Reputation: 38836
That investigation has been going on for years... and $8 million is involved.
Pathetic.
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Old 08-26-2013, 07:21 AM
 
4,456 posts, read 3,539,058 times
Reputation: 3101
Oh no...'misappropriation of funding'....

Juts an interesting stat...don't have a heart attack.....

In '64 Fed student aid was about 231 million. By '81 it was 7 billion. Today it's 105 BILLION. This growth in aid is arguably the biggest cause of rising costs for a college education. And it's also more money for misappropriation to the colleges themselves. In some instances, it's used to make the college experience for students like a Club Med. There's a joke about 'Core Training'. No, it isn't 'classics' but getting those abs in shape....;-)...

We had a 'bubble' in housing, we now are experiencing a 'bubble' with Fed loans. It's biting alot of people in the a**. Plenty of 'misappropriation' to go around.
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Old 08-26-2013, 09:36 AM
 
Location: southwestern PA
20,426 posts, read 35,767,044 times
Reputation: 38836
The post is about a man skimming for personal gain, not colleges and college loans....
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Old 08-26-2013, 10:34 AM
 
4,456 posts, read 3,539,058 times
Reputation: 3101
Well there's more to read about that too....I didn't get into it....... .;-)...
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Old 08-26-2013, 10:52 AM
 
Location: North Beach, MD on the Chesapeake
32,161 posts, read 39,250,114 times
Reputation: 40653
PA cyber schools are a travesty. The average cost per student is twice that of having the kid in a traditional setting.
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Old 08-26-2013, 11:36 AM
 
Location: Northern Appalachia
4,701 posts, read 5,848,107 times
Reputation: 5380
Quote:
Originally Posted by Pitt Chick View Post
That investigation has been going on for years... and $8 million is involved.
Pathetic.
True, this investigation goes back over six years and case will likely implicate some political figures. According to the Post Gazette, "By March 2007, a statewide grand jury, under then-Attorney General Tom Corbett, heard several months of testimony about alleged financial improprieties among the entities in Mr. Trombetta's network, including possible violations of laws concerning charter schools, campaign finance, corporate governance and nonprofit organizations. But no indictment was ever brought as a result."

At least four different Western PA newspapers published articles detailing improprieties involving Trombetta going back to at least 2007.

This case does just not involve a cyber charter school. Trombetta used money from the cyber school, Midland schools, Beaver County and the state to build the $23.5 million Lincoln Park Performing Arts Center, where he opened the second charter school in 2007.
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Old 08-26-2013, 01:42 PM
 
Location: My beloved Bluegrass
14,084 posts, read 9,812,198 times
Reputation: 18929
Charter schools are not really the great deal the public often thinks they are, personal gain of those in charge is often the most common outcome, as opposed to gain for the kids.
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