$$$ Charter School Management Companies Make Millions$$$

This is another great article on the corrupt environment surrounding Charter Schools and the questionable relationships many have with their "management" companies.



This article primarily focuses on a North Carolina Charter School operator, but clearly illustrates the hugely profitable, and often criminally inclined, for profit Ponzi schemes companies, and why there must be better oversight.

"...In the charter-school sector, this arrangement is known as a “sweeps” contract because nearly all of a school’s public dollars – anywhere from 95 to 100 percent – is “swept” into a charter-management company.

The contracts are an example of how the charter schools sometimes cede control of public dollars to private companies that have no legal obligation to act in the best interests of the schools or taxpayers. When the agreement is with a for-profit firm like National Heritage Academies, it’s also a chance for such firms to turn taxpayer money into tidy profits..."

http://billmoyers.com/2014/12/18/

This is an interesting report that also highlights some issues here in Florida and in fourteen other states. http://integrityineducation.org/charter-fraud/

This is where BILLIONS of our tax dollars are being wasted, with little to no enforceable oversight.