We learned recently that Oklahoma officials have charged the EPIC online charter with fraud, alleging that its leaders siphoned off $10 million for themselves while inflating enrollments of ghost students.

Schneider does her specialty investigation of EPIC’s tax returns and discovered that the corporation was created in 2009 for a variety of purposes, but not education. It eventually amended its filing to add education. In other words, the founders were entrepreneurs in search of a mark.

In 2010, it had revenue of $60,000.

After it went into the charter business, EPIC hit pay dirt. In 2016, it’s revenues exceeded $29 million.

Is this a great country or what?