Seth Andrew, 42, a founder of Democracy Prep School
Seth's wife, Lana Zak
How can you buy $2M in real estate with $200K? Even a down payment would be much more.
Who did he tick off? $218K is absolutely peanuts to the amount of money the Clintons ripped off or what the Pelosi crime family has taken in.
These people can’t help themselves, can they?
I’m thinking the lefty Reporter wife of this thieving scumbag won’t be reporting this story.
Andrew’s wife, CBS News anchor, Lana Zak, was not accused of wrongdoing
Scum
Bag
I think Public Servants and Public Employee’s should e held to A Higher Standard and upon a Guilty Plea or Conviction, they should Automatically receive the Maximum Sentence, TIMES 5, plus 100% Civil Asset Forfeiture
Two years after severing ties with Democracy Prep, Andrew looted accounts for the network’s schools so he and his wife could buy the $2.37 million apartment
The stolen money helped Andrew qualify for a $1.78 million mortgage with a 2.5% interest rate, a half-point reduction
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Running the numbers thru an online mortgage calculator, a 30 year fixed rate mortgage of $1.78M at 2.5% is a monthly payment of over $7K. What the hell kind of income did he have to fork over that kind of money every month. Add on top of that the condo fees and taxes and it’s probably closed to $9~10K per month.
No surprise here, the whole bunch are running the Biden Administration now.
Andrew and Zak obtained a mortgage rate of just 2.5%, or 0.5% less than they would have had to pay, as a result of having more than $1 million on deposit with the lender.
Without the more than $142,000 in allegedly stolen funds that he deposited with the lender, “Andrew would have been eligible for only a 0.375% interest rate deduction,” the U.S. Attorney’s Office for the Southern District of New York noted last month.
Can you even BEGIN to imagine how much money is, as the politician likes to call it, "purloined" from the educational system every year.?
Some years ago I read that, just in the state of Ohio, Many, MANY millions of dollars go missing every year. And very little effort is made to find out what happened to it..
I guess it's just considered "SEED MONEY" for the teacher's unions.. :(
Au Contraire mi amigo......... (frog mex lingo)
A condo costing only $2 million is not living particularly large in Manhattan
218k is peanuts compared to what his boss 0 took.
Leftists are always deeply sorry that they get caught skimming and scamming.
They hope and expect to be above the law.
Seth Andrew, 42, a founder of Democracy Prep School
Seth's wife, Lana Zak
Hunter Biden and Paul Pelosi JR stay mum.