Sunday, April 17, 2011

2 Former Execs Of Pennsylvania Charter School Charged With Embezzling $522K

Hugh C. Clark, 64, of Philadelphia and Ina M. Walker, 58, also of Philadelphia, have been indicted on charges alleging they embezzled some $522,000 from the New Media Technology Charter School in Germantown where they had served as board president and CEO, respectively. According to authorities, Clark and Walker systematically siphoned monies from the charter school to Lotus Academy, a private school they controlled that also housed New Media Charter School operations. They are also accused of financing their other enterprises with the funds, including a restaurant, health food store and web design firm.

Read the story here and here.

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