Progressive Magazine: The Akron Beacon Journal [published] an analysis of 4,263 audits done last year by the Auditor of State [that revealed]:
"No sector — not local governments, school districts, court systems, public universities or hospitals — misspends tax dollars like charter schools in Ohio."
While charters only accounted for 400 of 5,800 audits, they accounted for 70% of the misspent money
$25 million in misspent money remains unpaid
For every $1 misspent found by private auditors, public auditors found $102
...[The Columbus\ Dispatch revealed that the troubled North Side Imagine charter school might be shut down because its board just up and quit. This is the same school that was found last year toy be spending an exorbitant amount of money leasing the property from a subsidiary of Imagine Schools -- a practice that was found to be illegal in Missouri. Imagine Schools, Inc. run schools in 11 states and are no stranger to controversy.
Meanwhile, the same day, the Dayton Daily News reported that three former Dayton-area charter school officials were convicted of bribery and conspiracy charges in connection with their operation of the Arise! Academy.
They all face at least 15 years in federal prison for steering lucrative contracts to each other.
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