IDEA Public Schools Part Ways With CEO, COO After Review Of Charter's Finances

[TexasTowelie]

IDEA Public Schools , the largest charter school network in Texas, parted ways with its CEO and COO after an investigation into alleged misuse of funds, according to a letter sent to the school community Tuesday.

The letter, from Board President Al Lopez, announced the departure of CEO JoAnn Gama and COO Irma Muñoz after an anonymous tip led the IDEA Board of Directors to conduct an in-depth legal and forensic review. That review, performed by a special counsel, found years of financial transactions with misused funds, according to the letter.

It is unclear whether the two were fired, or if the two were implicated in the misuse of funds.

The anonymous tip was received last year shortly after the resignation of former CEO Tom Torkelson last April, and of former CFO Wyatt Truscheit in July. Questions were raised in late 2019 on how IDEA was spending money, after an attempt to use network funds for luxury suites and private jets.

Read more: https://www.tpr.org/education/2021-05-26/idea-public-schools-parts-ways-with-ceo-coo-after-review-of-charters-finances

[tanyev]

1. So this is a private business using the words 'public schools' in their name.

Good lord that's messed up.