Ex-administrator is accused of bankrupting a Santa Monica school by misusing $1 million

[Liberal_in_LA]

Ex-administrator is accused of bankrupting a Santa Monica school by misusing $1 million
Court documents allege that Susan Packer Davis put relatives on the Concord International High School payroll, used school funds for personal expenses and received 'grossly inflated' compensation.

The former director of a private Santa Monica high school is alleged to have misused more than $1 million in school funds, forcing the school into bankruptcy near the beginning of the term and blindsiding many families who had paid a full year's tuition, according to documents and interviews.
-------------------

The tax records also show that over the course of three years, Packer Davis declared expenditures of more than $700,000 for "conferences, conventions and meetings." Teachers and parents have said they knew of no such events and can find no documents supporting the charges.

The Times obtained copies of canceled Concord High checks signed by Packer Davis for parts of 2009 and 2010 amounting to more than $22,000 to the Palazzo Westwood Village, a luxury apartment complex, and $9,000 to the W Hotel.

According to the civil suit, Packer Davis charged more than $380,000 to the school's credit card; it is unclear how much of that was for school-related expenses. The suit said she also paid her husband $45,000 and her son $53,000 in 2009-10.

http://www.latimes.com/news/local/la-me-concord-high-20110410,0,2197117.story

[Lasher]

1. That's what you get when you turn schools into greed centers by privatizing them.

The principal becomes a CEO and behaves accordingly.