Inside the Charter School Empire Prosecutors Say Scammed California for $80M
By News
Published 5 years ago on
June 14, 2019
Share
[aggregation-styles]
Voice of San Diego
Voice of San Diego
Sean McManus and Jason Schrock created an online charter school empire that covered more than half the state of California, according to prosecutors and investigators for an outside charter school organization.
From the port of entry at San Ysidro up to Los Angeles, past the cliffs of Big Sur all the way to Santa Cruz; east through Raisin City, past the giant sequoias of Sierra National Forest, and down into the flat and quiet of Death Valley; south again to the Mexican border; and back to the coast – a person could travel unbroken through 20 counties that made up the lower half of their empire. An outpost of 14 counties encompassing Sonoma and Sacramento sits further north.
From this vast swath of territory, McManus and Schrock absorbed mind-blowing profits. Take just some of their 2016 tax returns: Their nonprofit charter management company A3 brought in $14.2 million in revenue. It spent only $3.6 million. Of the money it spent, $855,796 went to McManus and Schrock’s salaries. They appeared to be the only two employees, according to the tax return.
From the port of entry at San Ysidro up to Los Angeles, past the cliffs of Big Sur all the way to Santa Cruz; east through Raisin City, past the giant sequoias of Sierra National Forest, and down into the flat and quiet of Death Valley; south again to the Mexican border; and back to the coast – a person could travel unbroken through 20 counties that made up the lower half of their empire. An outpost of 14 counties encompassing Sonoma and Sacramento sits further north.
From this vast swath of territory, McManus and Schrock absorbed mind-blowing profits. Take just some of their 2016 tax returns: Their nonprofit charter management company A3 brought in $14.2 million in revenue. It spent only $3.6 million. Of the money it spent, $855,796 went to McManus and Schrock’s salaries. They appeared to be the only two employees, according to the tax return.
By Will Huntsberry | 12 June 2019
RELATED TOPICS:
After Losing Population in Recent Years, California Grows Again. Is That a Good Thing?
Opinion /
16 hours ago
Yellen Says Threats to Democracy Risk US Economic Growth, an Indirect Jab at Trump
Politics /
2 days ago
New Sea Route for Gaza Aid on Track. Treating Starving Children Is a Priority
World /
2 days ago
At Time of Rising Antisemitism, Holocaust Survivors Take on Denial and Hate in New Digital Campaign
Inspire /
2 days ago
Gov. Newsom Appoints Judges for Fresno, Merced Counties
Local /
2 days ago
Israel Briefs US on Evacuation Plan for Palestinians Ahead of Planned Rafah Assault
World /
2 days ago
Israel Orders Al Jazeera to Close Its Local Operation, Seizes Some Equipment
TEL AVIV, Israel — Israel ordered the local offices of Qatar’s Al Jazeera satellite news network to close Sunday, escalating a long-ru...
World /
11 hours ago
Categories
Latest
Videos
World /
11 hours ago
Israel Orders Al Jazeera to Close Its Local Operation, Seizes Some Equipment
World /
11 hours ago
Israel Vows Military Operation ‘in the Very Near Future’ After Latest Hamas Attack
Opinion /
16 hours ago
After Losing Population in Recent Years, California Grows Again. Is That a Good Thing?
Politics /
2 days ago
Yellen Says Threats to Democracy Risk US Economic Growth, an Indirect Jab at Trump
World /
2 days ago