I wrote about the sudden closing of the Discovery Creemos Academy in Goodyear, formerly known as the Bradley Academy of Excellence. It ran out of money. The leader of the school made withdrawals of various kinds of nearly $1 million, which was certainly not good for the fiscal health of the school.
But as radio announcer Paul Harvey used to say, “here is the rest of the story,” in this case, told by Peter Greene.
There is that nasty thing about “related businesses,” the ones that the charter schools give contracts to, that just happened to be owned by the person who runs the charter.
Once again, the charter founders make money, the kids are out on the street. But not until the 100th day of school, so the charter could collect full tuition, and the public schools that take these kids in get nothing.
People of Arizona, wake up! They are stealing your tax money! The kids are not getting an education. Do you care?

Part of the problem with charters is it’s so hard to figure out what’s going on without a lot of background understanding into how they work.
ECOT is big news in Ohio right now but “ECOT” the charter entity, is only half that story.
ECOT had a product arm, an online program they sold to public schools. I suspect that’s where the real profits were.
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Higher Ed –
http://www.afscmeinfocenter.org/blog/2018/02/measuring-bls-data-inflate-earnings-career-training-graduates.htm#.Wnstg6bbvA4
What’s the matter with Oklahoma?
http://www.afscmeinfocenter.org/blog/2018/02/whats-matter-oklahoma.htm#.WnsrDabbvA4
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Hialeah Education Academic.Inc do more evils things. Thanks
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