Thursday, 17 May 2012 12:00

Ohio school official charged in $470,000 scheme

Written by  By JULIE CARR SMYTH
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Authors: By JULIE CARR SMYTH

COLUMBUS, Ohio (AP) -- A New Albany man who handled the books for more than a dozen Ohio charter schools is charged with embezzling more than $470,000 in federal education funds over six years.

U.S. Attorney Carter Stewart filed an embezzlement count against 57-year-old Carl W. Shye (shy) Jr. in U.S. District Court Thursday.

Shye was treasurer for former charter, or community, schools in Columbus, Youngstown and Dayton. Under Ohio law, such schools operate independently of any school district but under contract with a sponsoring entity.

State Auditor Dave Yost said he first spotted a pattern involving Shye from state audits. The auditor's office issued more than $1 million in 62 findings for recovery against Shye over a decade.

Shye's arraignment is June 21.

No one answered at a phone number listed for Shye.

Read more http://hosted.ap.org/dynamic/stories/O/OH_SCHOOL_TREASURER_CHARGES_OHOL-?SITE=WAKR&SECTION=HOME&TEMPLATE=DEFAULT





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