Posted on 04/27/2021 4:01:28 PM PDT by Diana in Wisconsin
A former White House adviser has been arrested and charged by the FBI with stealing $218,005 from charter schools he helped found.
Seth Andrew, 42, served under former President Barack 0bama as a senior adviser in the Office of Educational Technology.
He was arrested on charges of wire fraud, money laundering, and making false statements to a financial institution. Federal prosecutors said that he used more than half of the allegedly stolen money to maintain his bank account above a threshold that enabled him to get better interest rates for a mortgage of his multimillion Manhattan apartment.
“As alleged, Seth Andrew abused his position as a founder of a charter school network to steal from the very same schools he helped create,” Manhattan U.S. Attorney Audrey Strauss said.
“Andrew is not only alleged to have stolen the schools’ money but also to have used the stolen funds to obtain a savings on a mortgage for a multimillion-dollar Manhattan apartment. Thanks to the FBI’s diligent work, Andrew now faces federal charges for his alleged scheme,” she added.
Andrew will enter a plea of not guilty in a Manhattan Federal Court, attorney Michael Yaeger told The Epoch Times via email.
“Seth will enter a plea of not guilty, we’re reviewing the papers that were just unsealed this morning,” Yaeger said.
Andrew is the founder of a prominent chain of charter schools based in New York named Democracy Prep, which he founded in 2005. The chain now operates 21 schools across the country, tutoring 6,500 students.
Natasha Trivers, the CEO of Democracy Prep, wrote to families and students that after she took over as CEO in 2019, a “series of financial safeguards” led directly “to the discovery of Seth’s unauthorized withdrawals,” CNBC reported.
“Seth left our network in 2013,” Trivers stated. “His alleged actions are a profound betrayal of all that we stand for and to you and your children, the scholars and families that we serve. To be clear, at no time did the alleged crimes pose any risk to our students, staff or operations in any way.”
“The network’s finances remain strong, and at no time did any of the activity by Seth Andrew have any adverse effect on our scholars or the functioning of our schools,” she added.
“Locking into the lowest interest rate when applying for a loan is certainly the objective of every home buyer, but when you don’t have the necessary funds to put down, and you steal the money from your former employer to make up the difference, saving money in interest is likely to be the least of your concerns,” said FBI Assistant Director in New York William Sweeney Jr.
So why is this guy being prosecuted? Didn’t send enough of the skim to the Chicago Mob?
If you are willing to murder millions of unborn babies for convenience, why would you not lie, cheat, steal & fix elections?!
He was racist. What else is new?
https://medium.com/@wearetheseeds2020/we-aint-buying-it-1d64fc03c0f
And where, dear Chirlane McCoy, is the $850 Million NYS and US Taxpayer Dollars that is unaccounted for supposedly used for “your mental health initiative?” I’m sure YOUR mental health is just fine..
He’ll get off. 2 tier justice again.
A son of Obama?
Reminds me of two like this....
Feb.11, 2021 Dept of Justice, Justice News.
A Michigan woman Amiona Abbas of Taylor was indicted on allegations that she intentionally misappropriated government funds that were designed to aid medical providers in the treatment of patients suffering from COVID-19 and used them for her own personal expenses.
//////////////////////////////////////
Detroit Free Press, April 8, 2021
Grosse Pointe Park man who lives in a $700,000, six-bedroom home stole $240,000 from poor and homeless people and spent it on trips to Florida resorts, shopping sprees, Lululemon athletic wear and a new roof on his house, according to a criminal complaint unsealed Thursday in federal court.
And he was careful not to get caught, an FBI agent wrote in an affidavit, which details how John R. Lynch, 56, of Grosse Pointe Park allegedly abused his position as chief financial officer and chief executive officer for the Holy Cross organization to help himself, his family and friends.
Holy Cross is a Clinton-based nonprofit that was founded in 1948 by the Archdiocese of Detroit as a vehicle to help needy people.
$200 Grand = small potatoes.
He is married to CBSN anchor Lana Zak. She minimized the altering of documents in Trump’s 2nd impeachment trial. Her bias was exposed by Trump’s lawyer. If she knew about the embezzled money and it was used to finance their Manhattan apartment, she should be charged with fraud.
“...has been arrested and charged by the FBI ...”
I wouldn’t to be in those rare agent’s shoes when Wray hits the roof!
Two hundred and eighteen thousand AND FIVE DOLLARS (!) would buy a lot of pencils.
Okay, more seriously, he was the founder of the organization. How much of the money was his, what was his share of ownership? How did he explain the funds and over what period of time did he take them? Do the new owners and management find his actions when it was his organization hurt them now or is this some type of falling out that they want to use this as means to get rid of him?
Seth is generally a jewish name.
This looks like a classic struggle between rich Jew guilt and fatherless Black intercity cultures.
There are no winners, here.
Seth is generally a jewish name.
This looks like a classic struggle between rich Jew guilt and fatherless Black intercity cultures.
There are no winners, here.
that's how it works in corrupt societies.....the elite few at the top will cut the throats of the ones BELOW them to add a lil bit to their coffers....
as the sucker pool gets smaller....they get greedy for more of “their share”.....
Real men don’t wear Lululemon! Probably a pervert, so a little theft is not a big deal.
Is he Black or Jewish?
Unbelievable they even investigated him, much less charged him with something.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.