Former A3 charter school leader Jason Schrock is sentenced to four years in prison and fined almost $19 million for his role in massive fraud scheme.
One of the two masterminds behind a massive charter school scheme that defrauded the state of California out of tens of millions of dollars was sentenced to four years in prison and ordered to pay $18.75 million in fines in San Diego Superior Court on Friday.
Because the law requires that Schrock receive credit for the more than 750 days he has spent on house arrest, he will not spend a single day in prison. “Mr. McManus and Mr. Schrock were thieves. And I don’t like to dance with thieves,” Link said in court Friday. “I think they should be punished. That being said, Mr. McManus and Mr. Schrock came forward and basically divulged everything they could come up with. Without the cooperation of Mr. Schrock and Mr. McManus, we would not be here today with the amount of money that the receiver has been able to recoup.
McManus, the chief executive and president of A3 Education, pleaded guilty in February to two counts of conspiracy to misappropriate public funds. McManus, who is under house arrest in Australia, attended Friday’s proceedings by video link and was informed he would also be fined $18.75 million when he is sentenced in February.
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