Former Obama White House Adviser Charged With Stealing Over $200,000 From Charter School Chain He Founded
Barack Obama worked with thieves
The Federal Bureau of Investigation arrested and charged a former White House adviser for stealing $218,005 from the charter schools he helped open.
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Seth Andrew was a senior adviser in Obama’s Office of Educational Technology. The 42-year-old used the opportunity to steal all the money.
Andrew was arrested on charges of wire fraud, money laundering, and giving a false statement to financial institutions. Federal prosecutors say Andrew used more than half of the money he stole to keep his bank account above a threshold that enables him to get good interest rates for a mortgage of his Manhattan apartment worth many millions.
“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 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 is entering a plea of not guilty in a Manhattan Federal Court as confirmed by attorney Michael Yaeger.
“Seth will enter a plea of not guilty, we’re reviewing the papers that were just unsealed this morning,” Yaeger said.
Andrew helped found a chain of charter schools in New York. He founded Democracy Prep in 2005. His chain operates 21 schools across the nation and at least 6,500 are part of the “family.”
Natasha Trivers, the CEO of Democracy Prep, informed students and their families that she became the CEO of the chain in 2019. She said that after she took over as the CEO, a “series of financial safeguards” resulted “to the discovery of Seth’s unauthorized withdrawals.”
“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.
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Source: The Epoch Times
