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Former Treasurer Gets Two Years In Prison For Embezzling $470K

U.S. District Court Judge Gregory Frost said he picked a sentence that would send a strong message to others contemplating stealing money from public schools and their students, while recognizing the good Shye has done in other areas of his life.
31, 2012

The former treasurer who pleaded guilty to embezzling nearly a half million dollars from charter schools in Columbus and other Ohio cities has been sentenced to two years in prison and must repay the funds he stole.

Ex-Treasurer Pleads Guilty To Embezzlement In Ohio

Carl Shye, Jr. of New Albany pleads guilty to embezzling $470,000 from charter schools in Columbus, Dayton, and Youngstown over a six-year period.
June 21, 2012

A former Ohio charter school treasurer has pleaded guilty to embezzling more than $470,000 in federal education funds from four schools over six years.

Former Charter School Treasurer Charged With Embezzlement

The U.S. Attorney's Office accused Carl Shye, Jr. of overpaying himself with hundreds of thousands of dollars in federal funds intended for use at several charter schools.
17, 2012

The U.S. Attorney’s Office has charged New Albany resident Carl Shye, Jr. with embezzling more than $470,000 between 2005 and 2011.

Should Ohio Let For-Profit Companies Run Charter Schools?

Posted: February 24, 2012

The state Department of Education has rejected four new charter schools because it says the private management company would have too much control over the school’s boards.

State Investigates Charters For Million Dollars In Misspending

22, 2012

Ohio Auditor David Yost says four Richard Allen Academy schools misspent the money on alcohol, undocumented credit card purchases, and a $172,000 transfer that remains unaccounted for.

Ohio’s Largest Online Charter School Hiring…Again

The school is the nation's largest online K-12 charter with about 12,200 students.
December 5, 2011

The Columbus-based Electronic Classroom of Tomorrow brought in 100 new teachers at the beginning of the school year. Now administrators say they need 40 more.