Los Angeles schools Supt. Ramon C. Cortines has moved to shut down a San Fernando Valley charter school over the alleged theft or misuse of as much as $2.7 million by the school’s founding principal.
The problems at NEW Academy Canoga Park turned up in an audit released Monday by the inspector general’s office of the Los Angeles Unified School District.
More than “$2 million of misappropriated and unaccounted public funds is egregious,” Cortines wrote in a letter to the board of the school. “Students have been inexcusably deprived of funds that were designated solely to further their education.”
Full story: L.A. Unified moves to close charter school over alleged misuse of $2.7 million – latimes.com