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Insider Deals In Arizona's State-funded Charter Schools May Be Legal, But Are They Ethical?
Tuesday, Nov. 27, 2012
When the Arizona Republic began looking into the thousands of pages of records filed with the Arizona State Board for Charter Schools, they uncovered contracts and arrangements “in which money from the non-profit charter school went to for-profit or non-profit companies run by board members, executives, or their relatives.”
According to the investigation done by the newspaper, the deals were worth more than $70 million dollars and covered transactions dating back five years. And while school districts in the state must follow strict purchasing laws, designed to make sure bidders offer the best price and quality in their products. Charter schools are largely exempt, leading some to make purchases that appear to create conflicts of interest.
Read the entire story here, and be sure to leave your comments.
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