Page 5 - Democracy Builders News Today : Breaking News, Live Updates & Top Stories | Vimarsana

yellow hat “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,” 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.” Timothy C. Doherty Jr., an attorney with Downs Rachlin Martin in Burlington, told The Commons that Andrew entered a plea of not guilty Tuesday. Identifying himself as a colleague, Doherty responded to an inquiry from The Commons to Andrew�...

Seth Andrew, who also served as senior advisor in the Office of Educational Technology under President Barack Obama, is accused of wire fraud, money laundering, and making false statements to a financial institution in connection with the alleged scheme.

By Jonathan Stempel NEW YORK (Reuters) – A former White House education adviser under President Barack Obama was arrested on Tuesday and charged with stealing about $218,000 from a charter school network he founded in order to get a cheaper mortgage for a $2 million Manhattan apartment. Seth Andrew, 42, who founded Democracy Prep Public Schools in Manhattan in 2005, was charged with wire fraud, money laundering and making a false statement to a bank. Timothy Doherty, a lawyer for Andrew, said his client will plead not guilty. Bail was set at $500,000 at a brief hearing in Manhattan fede...

Former Obama Advisor Stole $218K From Charter Schools To Receive A Better Mortgage Rate, Feds Say arrow Federal officials say this surveillance photo shows Seth Andrew inside a bank waiting to transfer funds out of Democracy Prep's escrow account. He's wearing one of the school's distinctive yellow baseball hats. US Department of Justice Seth Andrew, 42, allegedly transferred funds from the Democracy Prep Public Schools reserve bank accounts in order to inflate his account balance and to qualify for a special mortgage deduction on his $2.4 million apartment, authoritie...

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.