Latest / Annapolis News Today | 2 Min News | The Daily News Now!
Education Funds Vanished in Fraud | Annapolis News
A new report reveals nearly $225 million in federal education funds allegedly lost to fraud across 24 states and Puerto Rico over six years—just the tip of the iceberg, according to investigators. Cases include fake invoices, inflated enrollment numbers, bid-rigging, and kickbacks, with eye-popping examples like Indiana charter schools overbilling by $44 million and a Puerto Rico tutoring firm billing for $24 million in nonexistent services. Other scandals involve Florida officials steering $17 million to a friend’s company and Houston executives convicted in a major bribery scheme. As the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.