The state auditor said on Friday that the debt is growing for a former Ohio charter schools treasurer charged with embezzling hundreds of thousands of dollars in federal education funds.
Carl W. Shye Jr. was indicted in May on federal charges of embezzling more than $470,000 over six years. Ohio Auditor Dave Yost said that Shye's debts owed to taxpayers grew by more than $52,000 with Thursday's release of a now-closed Dayton school's final audit.
Shye, of New Albany, handled the finances of more than a dozen former charter schools in Columbus, Dayton and Youngstown.
The auditor said that Shye, 57, was responsible for more than $52,000 in New City Community School expenditures made without proper documentation and school board approval.
According to the auditor, more than $23,000 went to Shye, $12,000 went to the now defunct George Washington Carver Academy and the woman who ran the school received $14,000.
Those at the Cincinnati officer of the woman who ran the school said that they did not know how to reach her. According to the school’s Web site, the woman serves as the headmistress of the school. George Washington Carver is one of four schools throughout Ohio Shye already is accused of ripping off, Aker reported.
“If there’s a hall of shame for people who steal from the public treasury, his picture should be in it,” Yost said.
Shye's attorney, Michael Bowler, declined to comment Friday.
“We’re just glad that his free rein with taxpayers’ pocketbooks has come to an end,” Yost said.
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