Audrey Strauss, the United States Attorney for the Southern District of New York, and William F. Sweeney Jr., Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), stated today the declaration of a charge accusing SETH ANDREW with of fraud, money laundering, and making false statements to a financial institution, in association with a scheme in which ANDREW stole $218,005 from a charter school network that he built. ANDREW was caught this morning in New York, New York, and will be given today before U.S. Magistrate Judge Gabriel W. Gorenstein.
Manhattan U.S. Attorney Audrey Strauss said: “As alleged, Seth Andrew abused his position as a founder of a charter school network to steal from the very same schools he helped create. Andrew is not only alleged to have stolen the schools’ money but also to have used the stolen funds to obtain savings on a mortgage for a multimillion-dollar Manhattan apartment. Thanks to the FBI’s diligent work, Andrew now faces federal charges for his alleged scheme.”
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If you think education is expensive, try ignorance.
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