Nick Trombetta, founder of the nation’s first cybercharter, will be sentenced on July 10.

He admitted stealing $8 million in public funds intended for his school.

The long-delayed sentencing hearing of former Pennsylvania Cyber Charter School CEO Nick Trombetta on charges of tax fraud and conspiracy is set for July, according to information filed Wednesday in U.S. District Court.

The July 10 sentencing will come nearly five years after Trombetta, 62, was indicted by a grand jury on 11 counts of tax fraud and conspiracy in August 2013. He pleaded guilty to conspiring to defraud the IRS in August 2016.

He faces up to five years in federal prison.

Trombetta siphoned $8 million from the Midland-based public school and used the money to stockpile retirement money and buy personal luxury goods for himself, his girlfriend and his family — including multiple homes and a twin-engine airplane.

The conspiracy involved Trombetta and several others – including his accountant, Neal Prence – moving the money to other companies created or controlled by Trombetta and filing false tax returns.

He had this great idea. Give a computer and distance instruction to students who enrolled. Collect full state tuition. He collected $10,000 per student and had 10,000 students. He was rolling in dough. $100 million. It is easy to let that kind of money go to your head or your bank account.

There are virtual charter schools operating across the country that are raking in lots of money that they don’t need or deserve. What should they do with it?

If every charter operator who used his school’s credit card as his personal piggy bank were put into jail, the jails would be overcrowded. If they happened to be privatized prisons, the charter industry would turn against privatization and demand decent public prisons.