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Atlanta’s Latin Academy Charter School, Latin Grammar Charter School, and Latin College Prep Charter School discovered that the founder of the schools, Christopher Clemons, had allegedly misappropriated approximately $600,000 from school accounts through ATM withdrawals. The FBI arrested Clemons. “The
Atlanta Journal-Constitution reports Clemons allegedly used that money on travel, meals and clubs. A records check by the Atlanta Journal-Constitution revealed cash withdrawn from an ATM at the same address as a strip club...Clemons also allegedly borrowed hundreds of thousands of dollars in the schools’ names but without their authorization. The financial hit put the viability of Latin Academy at risk despite fundraising efforts by parents and an anonymous pledge of $1 million. The boards cut salaries and expenses in an attempt to remain in operation.”
Atlanta Journal-Constitution reports Clemons allegedly used that money on travel, meals and clubs. A records check by the Atlanta Journal-Constitution revealed cash withdrawn from an ATM at the same address as a strip club...Clemons also allegedly borrowed hundreds of thousands of dollars in the schools’ names but without their authorization. The financial hit put the viability of Latin Academy at risk despite fundraising efforts by parents and an anonymous pledge of $1 million. The boards cut salaries and expenses in an attempt to remain in operation.”