- Associated Press - Tuesday, April 26, 2016

RALEIGH, N.C. (AP) - North Carolina’s attorney general is suing more than a year after state auditors said charter school officials mismanaged taxpayer money before shutting down suddenly.

Attorney General Roy Cooper’s office filed a lawsuit Tuesday seeking triple damages and penalties against the closed Kinston Charter Academy and the individual assets of the school’s former CEO and board chairwoman.

State auditors reported 14 months ago that questionable financial choices included school officials employing unqualified relatives and borrowing $230,000 at interest rates of up to 515 percent. Auditors found school officials collected more than $11,000 for unused vacation time and unspecified reimbursements when unpaid teacher salaries and other obligations topped $370,000. The school closed in 2013.

Cooper spokeswoman Noelle Talley says the complex case took time to assemble following a separate investigation by a division of the AG’s office.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide