By: Tonya Mead, CFE, PI, MBA, MA Educational Psychology
While the National Charter School Resource Center has determined that occurrences of outright fraud are second to financial insolvency, four types of fraud were used as case studies in its Toolkit for Charter School Governing Boards. They are:
- Asset Misappropriation
- Self Dealing and Conflicts of Interest
- Management Company Transactions
- Data Manipulation of Enrollment and Attendance Records
Why is fraud in the public charter school sector important? In some urban cities, rural areas, and small towns, charter schools provide k-12 educational programming for up to 79% (New Orleans) of all students enrolled according to the National Alliance for Public Charters and the U.S. Department of Education, Common Core of Data, 2013. Please see chart.
For more details on financial insolvency in charter schools, click here.
Tonya J. Mead, CFE, PI, MBA, MA, Certified K-12 Administrator and School Psychologist is author of Fraud in Education: Beyond the Wrong Answer and president of Shared Knowledge, LLC http://ishareknowledge.com
U.S. Department of Education, NCES, Common Core of Data, 2013.