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AROUND THE WEB
St. Paul Pioneer Press
October 3, 2005
Beth Silver
Minneapolis couple diverted money from Right Step Academy
A federal grand jury Monday convicted the onetime owners of a former St. Paul charter school on charges they defrauded the school to pay for vacations, luxury cars and private homes.
After a three-week trial and nine hours of deliberation, the jury convicted William and Shirley Pierce of Minneapolis on all 13 counts, including conspiracy, filing false tax returns, and mail and wire fraud.
According to evidence presented at the trial in Minneapolis, the Pierces diverted money from the now-defunct Right Step Academy, using it for Caribbean cruises, clothes, and furniture. The Pierces, both 46, also used academy funds to buy charter schools in North Carolina and Arizona, and to buy houses in both states, prosecutors said.
Also see:
Public School Privatization and Commercialization
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