Click on the link to read the entire Washington Post article.
Charter school founder, company agree to pay $3 million to settle lawsuit
Charter school founder Kent Amos and his private management company have agreed to pay $3 million to settle a lawsuit that alleged he used the company to divert taxpayer funds from the school for his personal gain.
A consent agreement was filed in court Friday between the District of Columbia, Amos, the Community Academy charter school, and the management company, of which Amos is president. According to the agreement — which is expected to become effective as soon as a judge signs off on it — the money will go to the school or to its “successors” to further its non-profit purposes.
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$3M is certainly less than the $14M Amos’ corporation received. Any information on which organization is taking the building in the Bates Area? Any information on what is the fate of the employees?