Two former officials of New Media Technology Charter School face embezzlement charges for allegedly funneling $522,000 to a private school they controlled, their personal business ventures and their own expenses.
Former board president Hugh C. Clark and former CEO Ina M. Walker face 27 counts of wire fraud, conspiracy and theft from the federally funded Northwest Philadelphia school.
A report from the U.S. Attorney’s office says the pair funneled more than $300,000 alone to the Lotus Academy in Germantown, which housed New Media operations. The crimes resulted in New Media being unable to make some payments, the indictment states.
If convicted, Clark and Walker each face a substantial term of imprisonment, three years supervised release, a $6,750,000 fine and a $2,700 special assessment.