NEW YORK ( Associated Press) — The founder of a national charter school network, who once served as a White House adviser under President Barack Obama, alleged Friday that he stole more than $200,000 from the network.
Democracy Prep founder Seth Andrew filed a wire fraud allegation in Manhattan federal court.
In a release, US Attorney Damian Williams said Andrew robbed people he had promised to help.
Andrew, 42, has agreed to pay compensation to the charter school network. The sentence was fixed on April 14.
Andrew was the founder of Democracy Prep when it started in New York City in 2005. It later expanded across the United States, with its methods helping to raise test scores for economically challenged children in Harlem.
According to a criminal complaint, Andrew left his role as a superintendent at his school network in the spring of 2013 and by November 2016 began working as a senior adviser at the US Department of Education and the Office of Educational Technology at the White House. Gave.
In court papers, officials said Andrew stole $218,000 from the schools he helped build and then used the money to get a better interest rate on a mortgage for a $2.3 million Manhattan apartment.
According to court papers, Andrew tried to pretend as though the money he took from schools came from a civic organization he controls.
He said he used the money to qualify for a half-cent interest rate reduction — the largest his bank allowed — on his August 2019 purchase of a Manhattan residence with his spouse of $1.7 million.