Private Equity and Charter Schools

ACADEME BLOG

truthout has recently published an investigative article by Yves Smith that explains why private equity firms have been investing heavily in corporate charter schools.

Drawing on articles published by the Philadelphia Inquirer, the article provides an extended explanation of how these multi-layered scams have been implemented by some of that city’s charter school operators.

But, since just about every major newspaper in Ohio has reported on similar scams uncovered across our state, it seems a safe bet that these scams are not isolated abuses but, instead, commonplace practices.

The following two paragraphs provide a fairly succinct general overview of how the scams work:

“Eileen Appelbaum, co-author of the important book Private Equity at Work, flagged an important article in Philly.com on how a secretive consulting firm that was previously investigated for corruption and a local law firm are engaged in complex, high cost bond deals to implement an…

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