Audit of EB5 invested charter schools predicts bankruptcy #AmericanCharterDevelopment #EducationFundOfAmerica
Better luck next year Soner Tarim have you told the truth to that Woodland Prep board ? There is no longer a business relationship to LEAD Academy https://cis.org/North/Audit-Controversial-EB5-Funded-Charter-School-Foretells-Bankruptcy We have suggested in the past that the combination of the loosely run charter school movement with the loosely managed EB-5 immigrant investor program shows every sign of being a disaster for everyone involved (students, teachers, and taxpayers) — except for the middlemen. They usually do just fine, thank you. We have been following, among others, the case of one specific charter school in the suburbs of Charlotte, N.C., where until recently the state government has been, at the very least, more lax than most states in its supervision of charter schools. This is a school in which six (probably Chinese) aliens have invested $500,000 each in the hopes of getting a family-sized set of green cards through the Homeland Se...