Seth Andrew, a former Obama administration official has been arrested for stealing money from a school he founded, according to The Daily Caller.
Seth Andrew worked in the Obama administration and the Department of Education.
Andrew was paid by the charter school network while he was working for the Obama administration.
Allegedly Seth Andrew stole $218,005 from his own, Democracy Prep Public School.
He was arrested and charged with wire fraud, money laundering, and making false statements.
Andrew would place the funds into his own bank accounts in order to get an interest rate discount on a $1,776,000 mortgage.
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 a savings on a mortgage for a multimillion-dollar Manhattan apartment.”
Andrew established the charter school in 2005.
He became associated with the Department of Education in 2013.
Andrew wouldn’t reply to any questions when asked for comments.
From The Daily Caller:
Andrew was paid by the charter school network while working in the Obama administration, according to prosecutors. He cut ties with the organization in January 2017.
Prosecutors allege that Andrew withdrew hundreds of thousands of dollars from Democracy Prep’s bank accounts even though he was no longer affiliated with the school network.
Andrew allegedly deposited the funds in his own bank accounts in order to obtain an interest rate discount on a $1,776,000 mortgage he and his wife secured on a Manhattan apartment.
News reports have identified Andrew’s wife as Lana Zak, a CBS News anchor.
According to Andrew’s LinkedIn account, he served as senior advisor to the White House’s chief technology officer. He “built and supported” several Obama initiatives, including the website Vote.gov, according to his LinkedIn profile.