Charter school founder accused of stealing funds

Federal prosecutors say a former education adviser for the Obama administration stole more than $200,000 from a network of charter schools he founded.

Seth Andrew, previously the superintendent of Democracy Prep Public Schools, a network of charter schools with locations in five states, was accused Tuesday of stealing the money from school escrow accounts and using the funds to get a discount on a mortgage for an apartment in New York City. Prosecutors said the accounts had been funded with money from the New York City Department of Education. Andrew is charged with one count of wire fraud, one count of money laundering and one count of making a false statement to a bank.