Ex-White House Adviser for Obama Charged in $200K Theft from Schools snopes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from snopes.com Daily Mail and Mail on Sunday newspapers.
Ex-White House adviser charged in $200K theft from schools
LARRY NEUMEISTER, Associated Press
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NEW YORK (AP) The founder of a national charter school network who once served as a White House adviser under President Barack Obama was arrested Tuesday on charges alleging he stole over $200,000 from the network and used it to get a better interest rate on a multimillion-dollar apartment.
Seth Andrew, founder of Democracy Prep, was arrested in Manhattan on wire fraud, money laundering and false statement charges.
Attorney Michael Yaeger said Andrew, 42, will plead not guilty to the charges, though no plea was required Tuesday, when Andrew was released on $500,000 bail after an initial appearance in Manhattan federal court.
U.S. Attorney Audrey Strauss said in a release that Andrew stole $218,000 “from the very same schools he helped create.”
She said he then used the money to obtain a better interest rate on a mortgage for a $2.3 million Manhattan apartment.
Andrew was a founder of Democracy Prep when it started in New York City in 2005. It later expanded across the United States, flourishing after its methods helped raise test scores for economically challenged children in Harlem.
According to a criminal complaint, Andrew left his role as a superintendent in his schools network in the spring of 2013 and began working in the United States Department of Education and as a senior adviser in the Office of Educational Technology at the White House until November 2016.
MARLBORO The co-founder of Democracy Builders, which bought the old Marlboro College campus last summer, has been arrested and charged with wire fraud and money laundering.
Updated: 3:16 PM EDT April 27, 2021
The founder of a national charter school network who once served as a White House adviser under President Barack Obama was arrested Tuesday on charges alleging he stole over $200,000 from the network and used it to get a better interest rate on a multimillion-dollar apartment.
Seth Andrew, founder of Democracy Prep, was arrested in Manhattan on wire fraud, money laundering and false statement charges.
Attorney Michael Yaeger said Andrew, 42, will plead not guilty to the charges. We re reviewing the papers that were just unsealed this morning, Yaeger said in an email.
Andrew awaited an initial appearance in Manhattan federal court.