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Ex-Obama Official Talks Plea Deal in Mortgage Fraud Case

A former Obama administration official charged with stealing $218,000 from a charter school network he founded and using the funds for a lower mortgage rate on a $2.4 million Manhattan apartment is in talks for a plea deal, a court filing shows. So reports Bloomberg.

jail 1287943 1280Seth Andrews, a senior adviser in the Office of Education Technology in former President Barack Obama’s second term, was arrested in April on charges of wire fraud, money laundering and making false statements to a financial institution.

Prosecutors claimed that Andrew stole from Harlem-based Democracy Prep Public Schools’ escrow accounts in 2019 and deposited the cash in bank accounts he controlled.

Read the full article from Bloomberg.

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