Schools for Scoundrels

Jet Skis, Scottish real estate, Louis Vuitton bags: how crooks have cashed in on the charter school boom.

Mickey: Cat Lane/iStockphoto; Vending machine: Vendingvision

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Also read: Jeb Bush’s Cyber Attack on Public Schools and Fox in the Schoolhouse: Rupert Murdoch Wants to Teach Your Kids!

Charter schools have been held up as models of innovative school reform, but due to a striking lack of oversight (PDF), the sector is also a magnet for fraud. Between 2005 and 2011, the US Department of Education opened 53 investigations into charter school fraud, resulting in 21 indictments and 17 convictions. Twenty-seven investigations are pending. Let’s just say the following schools didn’t make it into Waiting for “Superman”:

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

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And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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