Stephen Dyer writes from Ohio about the unfolding saga of ECOT, the Electronic Classroom of Tomorrow.

http://10thperiod.blogspot.com/2017/07/even-with-layoffs-ecot-will-make-killing.html?m=1

It was recently ordered by a state court to return $60 million that it had charged for educating students who never logged on. ECOT complained bitterly, but the state audit showed that its enrollment figures were inflated.

ECOT is owned by William Lager, who has donated millions of dollars to elected officials over the years and received special treatment. He has collected hundreds of millions of dollars to run a virtual K-12 school with the lowest graduation rate in the nation. He thought that his generosity to politicians would protect him from accountability from abysmal results, but it hasn’t.

Lager took out ads (at taxpayer expense) to warn that he might have to lay off 350 employees if the state forced him to return a portion of his revenues. It would “hurt the children.”

The state is willing to allow him to pay his debt at $2.5 million a month for two years.

Boo hoo!

Dyer says she’d no tears for Lager. He will still clear at least 30% on his investment, probably more. He will still make a killing.