Taxpayers lost $100M to charter school fraud and waste

The Center for Popular Democracy and Integrity in Education teamed up in May to release a study detailing ways in which charter schools are susceptible to waste, fraud, and mismanagement "totaling over $100 million in losses to taxpayers." ​The report zeroed in on six different types of abuses of power and waste within charters, giving specific examples from 15 of the 42 states with schools used in their study. While the report gave detailed accounts of how money has been mismanaged, it also conceded that the lack of transparency and accountability means “the fraud and mismanagement that has been uncovered thus far might be just the tip of the iceberg.” The most prevalent type of mismanagement uncovered? The use of public funds for personal gain by charter operators.

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