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Seth Andrew faces charges of wire fraud, money laundering and making false statements to a financial institution, the U.S. Attorney for the Southern District of New York announced Tuesday.
EDUCATION SECRETARY MIGUEL CARDONA WORRIED ABOUT GETTING TEACHERS IN LINE WITH ‘WOKE’ CURRICULUM
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He allegedly then deposited that money into two new bank accounts, one of which was used to obtain a bank-offered promotion for a lower interest rate on Andrew’s luxury Manhattan apartment.
“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,” U.S. Attorney Audrey Strauss said.
FBI Assistant Director William Sweeney said, “Today Andrew himself is learning one of life’s most basic lessons – what doesn’t belong to you is not yours for the taking.”
Andrew faces one count of wire fraud, one count of money laundering, and one count of making false statements to a financial institution.
Each of the wire fraud and money laundering counts carry a maximum sentence of 20 years; making false statements to a financial institution carries a maximum sentence of 30 years.
