Financial Improprieties Alleged at All-girl Charters

ANGELA PASCOPELLA's picture
Tuesday, January 31, 2012

A New York City charter school network has told parents that it is a victim of theft by “a senior member of the finance and operations department,” who it said used the network’s credit card to spend tens of thousands of dollars on personal items.

In a letter sent Friday to parents of students in the three Public Prep charter schools, Ian V. Rowe, the network’s chief executive, and Bryan Lawrence, the board chairman, wrote that they had discovered “financial irregularities,” but that all but $1,000 of the money would be recovered through insurance.

“Just given the context of stories about charter schools and financial issues, we decided to be proactive and let folks know that this person has resigned,” Mr. Rowe said Monday.

Read more »