Croft School on brink after board reveals $13M debt and $5M funding goal
TL;DR Summary
The Croft School’s board suspended founder and executive director Scott Given after revealing serious financial irregularities, including hiding $13 million in debt and keeping two sets of records; with law enforcement notified, the school says it needs about $5 million to stay open.
Topics:business#croft-school#debt#education#executive-director-suspension#financial-irregularities#scott-given
- Croft School board tells families it needs $5 million to keep doors open after founder allegedly lied about finances The Boston Globe
- ‘Two sets of books’: Croft School rocked by $13M hidden debt WPRI.com
- Private School Founder Forged Letter Of Credit, Suit Says Law360
- Lawsuit by South End landlord details fraud allegation against Croft School founder - and demand for at least $14 million in damages for failed lease deal Universal Hub
- Croft School Founder Suspended After Finance Probe Hoodline
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