Estimated reading time: 0 minutes, 33 seconds

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.

Read 190 times
Rate this item
(0 votes)

FOLLOW US

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.