Want to know why the public is losing interest in charter schools?
The Goodyear Discovery Creemos Academy Closed its doors abruptly midyear. The money was all gone, they said.
“Many were unaware of the extent of the financial trouble the school had gone through for the past few years. But it appears that at least part of that trouble was exacerbated by payments made to school administration.
“Tax returns obtained by CBS 5 Investigates show an increasing amount of money paid to and transferred to Discovery Creemos Academy president and CEO Daniel Hughes and entities controlled by Hughes in the years prior to the school’s abrupt closure.
“In the 2014 IRS Form 990 filing, the school showed a salary to Hughes of $60,736. But the following year, 2015, Hughes’ salary had increased to $100,000.
“The filing also showed hundreds of thousands of dollars in reimbursements to Hughes for “Purchases on behalf of the school,” “Reimbursements of amount due,” and “Purchases and payments on revolving agreement.”
“The payments were made to Hughes and to Creemos Association, which is a separate organization owned by Hughes.
“The payments to Hughes and Creemos in 2015 totaled $949,000, according to the tax filings. 2015 is the most recent year on record, but a financial audit conducted in 2017 showed the school was still in financial trouble. The State Board of Charter Schools rated Discovery Creemos’ financial situation as “Not Acceptable.”
This is nothing new. This CEO probably learned from another CEO who parlayed his lies and frauds to became president of the United States be seldom if ever telling the truth.
How Donald Trump Made Millions Off His Biggest Business Failure.
“From mid-1995 to early 2009, Trump served as chairman of Trump Hotels and Casino Resorts (renamed Trump Entertainment Resorts in 2004), and held the CEO title for five years (mid-2000 to mid-2005). During Trump’s 13 years as chairman, the casino empire lost a total of $1.1 billion, twice declared bankruptcy, and wrote down or restructured $1.8 billion in debt. Over the same period, the company paid Trump—essentially Trump paying himself—roughly $82 million by Fortune’s estimates, collected from a dizzying variety of sources spelled out in the company’s proxy filings, as varied as payments for use of Trump’s private plane to fees paid directly Trump for access to his name and marketing expertise.”
http://fortune.com/2016/03/10/trump-hotel-casinos-pay-failure/
Trump’s marketing expertise is based on lies, more lies, and more damn lies and manipulating and fooling as many people as possible with that deceit.
I’ve read that fundamentalist Christians think God sent Trump to them. If that’s true, then God hates the United States. Trump is an expert at making money from repeated failures.
No need to stretch it to the current occupant of the White House, Lloyd. What Hughes did is just standard operating procedures for the vast majority of private charter schools.
I couldn’t help myself. Trump, as the U.S. president, is now the standard bearer, the role model, for narcissists, psychopaths, sociopaths, liars, bullies, trolls, and crooks. The thinking of those people goes, “if our president does it and gets away with it, I’m going to do it too?”
This travesty is robbing public schools!