Eye on Education

Former Charter School Treasurer Gets 2 Years in Prison for Embezzling

Following an investigation by the FBI and the Ohio Auditor of State, Carl Shye was sentenced for embezzling nearly half a million dollars from four Ohio charter schools he had worked at as treasurer. All four of those schools have since been closed for poor academic performance.

U.S. District Judge Gregory L. Frost sentenced Carl W. Shye Jr., 57, to two years in prison for embezzling $472,580 when he was the treasurer for four charter schools.

Frost also ordered him to pay that amount in restitution.

“You’ve let down a lot of people,” Frost told Shye. “You abused a position of trust.”

According to the FBI, Shye stole the money between October 2005 and September 2011 from the former George Washington Carver Preparatory Academy in Columbus; the former Legacy Academy for Leaders & Arts in Youngstown; and from New City school and the former NuBethel Center of Excellence, both in Dayton.

Read more at: www.dispatch.com

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