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Ex-Obama White House Official Charged With Stealing Over $200,000!


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My oh my look what we have here…

Obama’s former White House education advisor Seth Andrew has been charged with stealing over $200,000 dollars from a charter school network he helped found.

Andrews has now been charged with wire fraud, making false statements to a bank, money laundering.

It looks like Obama sure know’s how to pick them…

What did he need the money for anyway?

According to reports, he allegedly used the stolen funds to maintain a bank account minimum that gave him a lower interest rate for his current mortgage on his $2 million Manhattan residence.

Take a look:

CNBC had more on the story:

Seth Andrew, who served as an education advisor in the Obama White House, was arrested Tuesday morning on charges of scheming to steal $218,005 from a public charter school network that he founded, federal authorities said.

Andrew, 42, was busted in New York City, where he and his wife, CBS News anchor Lana Zak, have a residence valued at more than $2 million.

The founder of Democracy Prep Public Schools is accused of using more than half of the allegedly stolen money from that network to maintain a bank account minimum that gave him a more favorable interest rate for a mortgage on his and Zak’s Manhattan residence. Zak was not charged in the case.

Prosecutors said Andrew in 2019 — more than two years after severing ties with Democracy Prep — looted a series of escrow accounts he had previously set up for individual schools within Democracy Prep’s network, and then used their funds to open a business account in the name of one of the schools at a bank.

Imagine stealing from a school to indulge in a $ 2 million dollar residence.

I don’t know how he could even live in that house without having guilt.

CNN actually covered the story too:

A former White House senior adviser for the Obama administration who helped found a network of charter schools is accused of allegedly stealing hundreds of thousands of dollars from the schools and attempting to launder the funds in order to get a lower interest rate on a mortgage for a Manhattan apartment, according to federal prosecutors.

Seth Andrew was charged by prosecutors in the US Attorney’s Office for the Southern District of New York with wire fraud, money laundering, and making false statements to a bank.

Prosecutors say Andrew helped create a network of charter schools based in New York City in 2005, and left the network in 2013 for a job at the US Department of Education, and later became a senior adviser in the Office of Educational Technology at the White House, where he continued to be paid by the charter school network. Prosecutors say Andrew left his role in the White House in November 2016 and cut ties with the school network in January 2017.

Andrew was taken into custody Tuesday in Manhattan and released on a personal recognizance bond after an initial appearance, SDNY spokesman James Margolin said. Andrew’s attorney, Michael Yaeger, said Andrew will plead not guilty and is reviewing the government’s case. No plea was entered Tuesday, Margolin said.

I wonder how much he benifited financially in the White House too.

The Department of Justice should do a probe on that also.



 

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