The Pennsylvania Cyber Charter School is the largest in the state.
More than 11,000 students bringing in more than $10,000 each. Do the math. More than $110 million rolling in annually for a corporation that provides a computer and materials but no custodians or crossing guards or librarians or social workers or…you get the picture. What a business, and all those millions subtracted from public school budgets across the state.
A few months ago, the FBI launched an investigation of its operations.
The board of the school just fired most of its top managers.
But the story gets really tangled when you learn about how this corporation was taking in so much money, making so many business deals, spreading the wealth to old friends, and–wow–no public school would have escaped scrutiny for so long with the financial arrangements described in this article.
Follow the money.