NewsNet5.comNews
EducationEmploymentAutoHealthHealth ExpertsHouse And HomeWEDDINGSHomeTown ExpertsLegalCleveland247Real EstateDatingTravelFamily


E-Mail News Alerts
Get breaking news and daily headlines.
Browse all e-mail newsletters

Pastor Accused Of Defrauding DOE

POSTED: 1:22 pm EDT September 15, 2006
UPDATED: 3:09 pm EDT September 15, 2006

A well-known Cleveland-area pastor has been accused of defrauding the state’s Department of Education of $2.2 million.

The Rev. Mark Olds is a well-known pastor who works with ex-convicts.

Olds, 56, of Solon, is charged with conspiracy, money laundering and mail fraud in connection to his operation of a now-closed charter school, Cleveland Academy of Math, Science and Technology. Olds was the developer of the charter school.

According a news release from Auditor of State Betty Montgomery, others are involved with the case. Two people have been arrested and another is expected to surrender.

The former officers of the school, Shirley Haynes and Timothy Daniels are all charged with conspiring to defraud the DOE.

Also, five corporations have been indicted as a result of the state audit, the news release said.

The audit also discovered that the defendants:

  • received funds from the school's bank account for their personal use.
  • did not provide sufficient food to students during lunch.
  • a classroom wall collapsed during class hours close to children.
  • held classes in a building without heat, forcing students and teachers to wear coats.

Watch Live on Five for additional information.





Links We Like
Sponsored Content
Don’t ruin your chances of landing that new job by making easy to correct mistakes on your cover letter. More Details

Don’t believe everything people tell you about home improvement. Check out the top 4 myths and stop throwing away your money. More Details

The signs of Cancer can sometimes be very subtle. Here's a guide to help you recognize them early. More Details

Living well with type-1 or type-2 diabetes can be easier than you might think. Use our diabetes resource guide. More Details


Sponsored Links

Credit Report

560? 675? 720? The average US Credit Score is 692. What is your score? See it online for FREE! More Details

Experian

Sponsor


Find Local Businesses