Online charter schools have a problem. Most get full tuition for each student, but they have few expenses. No campus, large classes, no services other than a computer and online instruction. So much money rolling. Problem: What to do with it?

A few online operators have been convicted of stealing millions, like Nick Trombetta in Pennsylvania. The founder of ECOT in Ohio diet get charged or convicted of anything, but he collected $1 billion over 19 years while having the lowest graduation rate in the nation.

And now comes a case in Michigan where an Online charter operator was charged with stealing over $100,000.

Why so little?