According to reports, Seth Andrew is facing charges that he embezzled money from bank accounts from Democracy Prep school that he founded in 2005 in Harlem. Due to the school’s success, it expanded to 23 locations around the world ranging from the Bronx; Camden, N.J.; San Antonio; and Las Vegas, to name a few.
Andrew’s, 42, the mission was “Every single student will work hard, go to college, and change the world.” In fact, he proudly displayed had this slogan embroiled on a yellow baseball cap that he often worn.
Prosecutors alleged Andrews stole money and used the funds to get a lower interest rate on a mortgage for a Manhattan apartment that cost 2-million-dollar according to federal prosecutors.
Andrew was arrested last Tuesday and pled not guilty and is out on bail. As part of Democracy Prep’s clause controlled by a board, there was an escrow set aside that stipulated that the funds could only be withdrawn if the schools closed permanently.
“Mr. Andrew is charged with one count each of wire fraud, money laundering, and making a false statement to a bank. The first two charges both carry a maximum sentence of 20 years in prison, and the third carries a maximum sentence of 30 years in prison and William F. Sweeney Jr., the assistant director-in-charge of the New York field office of the Federal Bureau of Investigation.”
Andrews gained recognition for his mission and advocacy toward improving the quality of education for at-risk and low-income kids. In 2013, Andrews was offered a job with the United States Department of Education; he was then promoted to senior adviser in the Office of Educational Technology at the White House under President Barack Obama.
Democracy Prep has roughly 7,000 students.