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Former Obama White House aide Seth Andrew convicted of school theft

Seth Andrew

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Former President Obama’s White House Education Advisor Seth Andrew Sentenced to 1 year and 1 day in federal prison on Thursday for plotting To steal $218,000 from the New York charter school network he founded.

Andrew, 43, was also fined $5,000 in a judgment in the United States District Court in Manhattan. Prior to Thursday’s proceedings, he had paid $218,005 in damages and $22,537 in forfeiture to the Network, Democratic Preparatory Public Schools.

He was arrested in April 2021 Charged with wire fraud and money laundering Making false statements to financial institutionsPled guilty in January to wire fraud.

Judge John Cronan was actually giving him a break when he sentenced Andrew to 366 days in prison.

Had Cronan sentenced Andrew to one day less, or a year in prison, Andrew would have had to serve every day during that term.

However, due to the slightly longer sentence he received, Andrew would be eligible for so-called good-time credits and would likely only serve 85% of his sentence, or just over 10 months.

“I wish every day I didn’t do this,” Andrew told Cronan in a statement he read in court. I don’t blame

“I hope future students can learn from my mistakes and my sincere accountability,” he said. I can… I deeply apologize and ask for your forgiveness.”

husband Andrew CBS News anchor Lana Zakfounded Democracy Prep Public Schools in 2005.

Prosecutors said they looted money from escrow accounts belonging to individual schools within the Charter Schools Network in 2019, more than two years after severing ties with Democracy Prep.

Andrew then used more than half of those funds to maintain minimum balances in his bank accounts. This allowed Andrew and Zach to get better interest rates on a mortgage on a Manhattan residence worth more than $2 million, prosecutors previously said.

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“Seth Andrew was sentenced today for stealing from people who once trusted him,” Manhattan federal attorney Damian Williams said in a statement Thursday.

“Andrew committed this crime to punish a non-profit charter school for refusing his offer to return as a leader,” Williams said.

“Thankfully, the victims of Andrew’s crimes are resilient and their important work continues. Today’s sentence confirms that anyone involved in a fraudulent scheme and stealing from others should be properly punished for the act. Send the message that you will face the consequences.”

A spokesperson for Andrew said in a statement Thursday, “Seth never received any mortgage interest from these funds, nor did he transfer them to any personal accounts.”

The spokesperson also said Andrew’s motive was never greedy and disputed prosecutors’ allegations that he had harmed the organization by transferring funds from DPPS accounts.

“His entire career betrays their false claims,” ​​said a spokesperson.

“Seth transferred dissolution escrow funds that were said to be at risk of being lost due to hibernation. No,” the spokesperson said.

Another nonprofit bought an abandoned university in Vermont with the goal of reopening it in a new form.

In its own statement, Democracy Prep said, “We are grateful that this sad chapter has finally come to an end and thank the federal attorneys and the FBI for their hard work on this case.”

When Andrew was arrested last year, Democracy Prep’s CEO called Andrew’s actions a “grave betrayal of everything we stand for” and announced that she would take over the post in 2019. The network later contacted authorities about his actions.

After being president, Andrew took a job with the U.S. Department of Education in 2013. barack obama Start the second term. He later became a senior adviser to the White House Office of Educational Technology.

Andrew continued to receive payments from Democracy Prep while serving in the Obama administration, but then cut ties with the network in January 2017.

Former Obama White House aide Seth Andrew convicted of school theft

Source link Former Obama White House aide Seth Andrew convicted of school theft

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