The charter-school industry — consisting of schools that are funded partly by tax dollars but run independently — is rife with the same types of fraud and mismanagement that led to the Enron collapse, according to a study published by three education researchers.

The study, “Are Charter Schools the Second Coming of Enron?” examines the related-party transactions, or deals between entities that have preexisting relationships, in charter school relationships and links them to the same types of activities that Enron executives participated in before the company collapsed.

“Unscrupulous individuals and corporations are using their control over charter schools and their affiliates read more >>>

Source:: BusinessInsider.Com