IDEA, the largest charter chain in Texas, was just placed under conservatorship by the state education agency because of ongoing financial transgressions, self-dealing and conflicts of interest.

The state of Texas gave more than $800 million last year to IDEA. The federal Charter Schools Program—which is rank with waste, fraud, and abuse—has gifted IDEA with $300 million. It was a favorite of Secretary of Education Betsy DeVos.

For years, both the state and the U.S. Department of Education have been aware of IDEA’s profligate spending. This is the charter chain that wanted to lease a 6-passenger private jet for $15 million for its executives. This is the chain that bought luxury box seats for the San Antonio Spurs basketball games. This is the chain that gave its founder a golden parachute of $900,000 when financial abuses forced him out.

When there is so much that is fraudulent in the chain’s spending, can you trust its reports about enrollment, grades, test scores, and graduation rates? Business leaders in San Antonio saw IDEA as a great replacement for public schools. They were hoodwinked.

The Texas Tribune reported:

Texas’ largest charter school network has been placed under conservatorship by the Texas Education Agency after a years-long investigation into improper spending within the system of 143 schools.

The arrangement, announced Wednesday, is part of a settlement agreement between IDEA Public Schools and the TEA. IDEA had been under investigation since 2021 following numerous allegations of financial and operational misconduct.

It was revealed that IDEA officials used public dollars to purchase luxury driver services as well as $15 million to lease a private jet, just two weeks after promising TEA it would be “strictly enforcing” new fiscal responsibility policies put in place in response to ongoing investigations, as reported by San Antonio Express-News.

The revelations led the district to conduct an internal investigation, resulting in the firing of JoAnn Gama, former superintendent and co-founder of IDEA. Gama later filed a lawsuit against IDEA claiming wrongful termination. IDEA came to a $475,000 settlement with Gama in January. This followed co-founder and CEO Tom Torkelson’s departure in 2020; he was given a $900,000 severance package.

The charter school district serves about 80,000 students in K-12. The schools are independently run but publicly funded with state dollars, having received about $821 million in state funding in 2023-2024 school year.

Under conservatorship, the conservators will have the authority to oversee and direct any action of the district, facilitate a needs assessment, conduct onsite inspections and support the creation of a plan to address corrective action concerns. They will also report back to the agency regarding the district’s progress in completing necessary corrective activities.

The conservators will not fully take over the governance of the district. But if the district doesn’t make the necessary corrective measures that the conservators outline for them, a takeover could be possible in the future…

The news follows the TEA takeover of Houston Independent School District in June following years of poor academic performance at a single campus within the district, among other factors.