Edward Peter Fiszer, 40, of Newhall, California, pleaded not guilty Friday to charges he embezzled more than $1.4 million from the New Academy Canoga Park Charter School, where he had served as principal. According to authorities, in 2008 and 2009, Fiszer obtained at least 12 cashiers checks from school accounts and deposited them into a personal stock trading account. He has been charged with 31 counts of embezzlement, money laundering, forgery and tax fraud. Nevertheless, an audit by the Los Angeles Unified School District found that Fiszer had misappropriated or misused as much as $2.7 million. Sadly, as a result, the school is being considered for closure. Fiszer faces up to 44 years in prison if convicted on all counts.Read the story here.
Update (11/1/10): Fiszer pleaded not guilty Friday to charges he embezzled more than $1.4 million from the New Academy Canoga Park Charter School. He faces up to 44 years in prison if convicted on all counts.
1 comment:
Publicly funded yet privately managed – Charter School fraud is an easy concept. Charters can be succesful it depends on the “agenda” of the the managing company. Accountability has not caught up to the growth of the Charter movement. In the USA we have an Islamic Imam – Fethullah Gulen (Gulen Movement) that manages over 130 US Charter schools they have taken over $1 billion in Educational monies in the last 10 years and are growing like rapid fire. In California they are called Magnolia Science Academys, Pacific Technology Schools and Bay Area Technology Schools.
The Gulen schools have a network of foundations and instutitions layered over the schools and much of our educational money is going to non-educational expenses such as: Turkish Olympiads, trips to Turkey for the students and local politicians, H1-b Visas of over 2,000 uncredentialed teachers from Turkey (while American teachers are handed pink slips) this money is to fuel the grand ambition of Fethullah Gulen who lives in exile (for a reason) in the Poconos, PA area with his $25 billion in wealth from inflitration in: education, media, police, poltics and military. Seems the same model works very nicely in the USA. Do your research!!!
http://www.charterschoolwatchdog.com
http://www.charterschoolscandals.blogspot.com
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