ALBUQUERQUE, N.M. (AP) - The founder of a New Mexico public charter school system has been sentenced to five years in federal prison being pleading guilty to defrauding the schools out of millions of dollars.
Federal authorities say 51-year-old David Scott Glasrud devised various schemes over a 15-year period to defraud the Southwest Learning Center Schools in Albuquerque. He was the head administrator for the schools, which include: the Southwest Primary Learning Center, Southwest Intermediate Learning Center, and Southwest Aeronautics, Mathematics & Science Academy.
Prosecutors say at one point he used $199,000 to pay down his personal line of credit, while $50,000 was transferred into his personal bank account. He also is accused of overcharging the schools in rent.
He pleaded guilty to fraud, theft and other charges last year, and was sentenced Friday.
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