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Best Web OpEds    H4'ed 4/29/17

Is charter school fraud the next Enron?

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CHARTER SCHOOL FRAUD! Enron created thousands of “special purpose entities” (off-the-books partnerships) to hide its debt, thus tricking investors.; its collapse revealed the weaknesses of the gatekeepers. Now, individuals have been able to use related-party transactions to fraudulently funnel public money intended for charter schools into other business ventures that they control, profiting  from excessive rents,  and failing  to explain how the costs might disrupt the school’s ability to pay for textbooks and teacher salaries.  Because of insufficient oversight the use of fraudulent,related-party transactions at Enron was not stopped until it was too late. Similarly, examples here,  reveal insufficient checks and balances in the charter school sector. In both cases, the monitors responsible for protecting charter schools found nothing wrong with the rental agreements.'

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At www.lmtonline.com

 

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Susan Lee Schwartz Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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