A San Bernardino County (Calif.) Grand Jury has indicted the founder of a charter school network that once was the largest in the state. Charles Steven Cox, 59, has been charged with grand theft and misappropriation of public school funds. Cox built California Charter Academy into a string of 60 campuses serving more than 10,000 students. A 2005 state audit alleged that Cox, as head of the charter academy and also owner of a for-profit company that provided management services to the schools, misused millions of dollars in charter school funds to lavishly pay himself, friends and family and to buy luxuries such as spa services and concert tickets. The indictment charges him with more than 100 counts of misappropriation of charter school funds and theft of nearly $5.5 million.
Sponsored
Sponsored