Seth Andrew, founder of Democracy Prep, was arrested in Manhattan on wire fraud, money laundering and false statement charges. To open that account, Andrew communicated to a bank employee that he was a 'key executive with control of' the charter school network, which 'was a lie'. Authorities said it appeared that he 'waited to deposit Check-2 because it was made payable to' Democracy Prep Harlem and not Democracy Prep Charter School. Democracy Prep CEO Natasha Trivers sent an email to families Tuesday morning informing them of Andrew's arrest. Seth was arrested for the unauthorized withdrawal of Democracy Prep funds,' the email began.

Source: Daily Mail April 27, 2021 19:34 UTC