Free public money! Come and get it! Get rich quick on the taxpayer’s dimes and dollars! 'Diane Ravitch thinks the Indiana Virtual Academy is a fraud. It operates for profit. The owner pockets millions of dollars in taxpayer money. It is an online charter, a cybercharter, a virtual charter. It has a high school graduation rate of less than 10%. It recruits and markets heavily to lure students. It has 5,000 students. There is one teacher for every 222 students. Secretary of Education Betsy DeVos wants many more schools like this. “Thomas Stoughton founded the school in 2011, taking advantage of a new law allowing Indiana charter schools to serve students exclusively over the internet, rather than in brick-and-mortar buildings. The school apparently has no oversight, no supervision. “In recent years, students have signed up in droves, responding to social media advertising campaigns.'